Sad Truth

The sad truth of life - if it costs money but saves lives, it may not happen. For instance, drug companies need to make back the money spent on research costs; so the first few years a drug is released, it costs phenomenal amounts of money. Another example: a train track had some risk of derailment, but it would cost money to fix the problem, so it was likely ignored.
http://www.japantimes.co.jp/text/nn20120112a1.html

Another example? The Fukushima plant - in the making of the plant, they decided against prepping it for an earthquake and subsequent tsunami due to low probability. But it still happened, right?

This is why the government should regulate certain things. One would argue that it "blocks capitalism" or some other bullshit, but the fact of the matter remains. People are greedy and don't care until it happens.

However, regulation itself needs to have limits and things like the security theater that the TSA uses waste money.

Just a thought.