I think we need some much much stronger basic laws, like anti lying, anti fraud etc (but where crimes does NOT pay), and then POSSIBLY(not sure, havent thought that much about it) some form of mechanism to force companies to answer questions about their products/services/conduct
Like there was a time when Boeing was pretty great, and now it's pretty shit.
What happened? Could the loosening of oversight from the government have played a part in it?
Also, government oversight and involvement has ONLY gone up, and with it, corruption aswell. The more government you have, the more it will be corrupted. It is a natural law that you cannot deviate from. What we need is a very very small but razer sharp and enforced set of rules. If a company knowingly frauds, they must be punished so severely that it will make ALL board members crap their pants at the thought of even an accusation of fraud even being made. EVERYONE that can be proved to have been involved would be punished so severely they never see daylight again, except 10 seconds before the firing squad (which starts by aiming at the feet, and then work their way up).
I consider a company lying to be fraud. Boeing should be publicly stating what their quality controls and engineering standards are, and when someone then is found to act improperly, the punishment should come down with a force currently unthinkable.
what I dont want, is a giant "im here to help" government (that we already have) that will without question be corrupted and uglier than tolkiens orcs