Now, you may notice that the government is also choosing not to regulate these companies...which is another matter altogether.
If you ask me... that wasn't a rug pull, at least not in the intent - it more was a way for foreign actors to funnel money directly to Trump and his family without any trace.
However, there is also plenty of evidence that this setup may no longer work. It seems like the norm has shifted, where companies no longer think it’s their duty to manage risk, only to chase $$$. When coupled with anti-government rhetoric, it effectively socializes the risk to the public but not the profits.
> without a license
A government issued license.
> it’s because of an “industrial exemption.”
A government allowed exemption.
Etc.
Agree with your second paragraph.
“When the people who make the rules say there are no rules, that means they’re making rules” is an oddly circular take for most people.
The exemption means “self-regulation” which is what the OP was speaking to. There are industrial standards, for example, but that’s not a governing body. You can create a design that goes against a standard and there’s nothing to stop you from releasing it to the public. The same can’t be said for those who require licenses and stamped designs. There’s also no explicit individual ethics codes in exempted industries. In contrast, a stamped design is saying the design adheres to good standards.
Apropos to HN, somebody could write safety critical software with emergency braking delays because of nuisance alarms and put it on the street without any licensed engineer taking responsibility for it. The governance only comes after an accident and an NTHSB investigation.
In this case, it's exactly how it's NOT supposed to work because there's no government regulation concerning the issue. It would be bad looks to have regulation that mandates LESS safety thus the issue was forced on commercial grounds.
I called it yesterday, there was never any doubt in my mind how this would end, and it did in less than 24 hours:
Yea, see the next sentence in my post :-/
