Read the Metrolink case study beginning on page 342 of the text as well as the Reuters article on train safety rules: Buffett May Benefit as Train Lobby Bids to Weaken Safety Rule.
In your post, consider the following questions:
- What was the cause of the Metrolink accident and could it have been avoided?
- Is the high cost of train control justified by the likely safety gains for passengers?
- Is the money spent to regulate railroad safety being spent in the most efficient way to reduce the risks of death and injury in society?
- If you had been a lobbyist wishing to influence safety legislation after the crash, what would your strategy have been?