You’re incorrect here, self regulation in this context means letting the individual industries try to follow all sorts of laws/regulations on their own. For example, Boeing was allowed to self-regulate for some time (and they probably still are to some degree) meaning the FAA and other relevant government agencies were not doing things like inspections - they left a lot of it up to Boeing. Then Boeing had two 737 MAX crashes due to MCAS and a door panel blow off near Portland, OR
You’re incorrect here, self regulation in this context means letting the individual industries try to follow all sorts of laws/regulations on their own. For example, Boeing was allowed to self-regulate for some time (and they probably still are to some degree) meaning the FAA and other relevant government agencies were not doing things like inspections - they left a lot of it up to Boeing. Then Boeing had two 737 MAX crashes due to MCAS and a door panel blow off near Portland, OR