Because private companies in the United States have much more leeway to cut corners, even in heavily regulated industries.
Boeing spins off a manufacturing unit to save money and the FAA takes their word for quality control, with predictable results:
As part of the federal securities lawsuit, a Spirit employee allegedly told higher-ups about an “excessive amount of defects,” later telling a colleague he “believed it was just a matter of time until a major defect escaped to a customer.” According to the court filing, the company ignored the warnings.
Blackstone-owned meatpacking cleaning company hires 15 year olds to clean slaughterhouses, with predictable results:
Blackstone-owned slaughterhouse cleaning company Packers Sanitation Services (PSSI) in February paid a $1.5 million US Department of Labor (DOL) fine for “oppressive child labor.” DOL investigators found more than 100 children working in hazardous jobs, under illegal conditions, with multiple children suffering injuries.
Boeing spins off a manufacturing unit to save money and the FAA takes their word for quality control, with predictable results:
As part of the federal securities lawsuit, a Spirit employee allegedly told higher-ups about an “excessive amount of defects,” later telling a colleague he “believed it was just a matter of time until a major defect escaped to a customer.” According to the court filing, the company ignored the warnings.
https://www.avweb.com/aviation-news/boeing-subcontractor-sub...
Blackstone-owned meatpacking cleaning company hires 15 year olds to clean slaughterhouses, with predictable results:
Blackstone-owned slaughterhouse cleaning company Packers Sanitation Services (PSSI) in February paid a $1.5 million US Department of Labor (DOL) fine for “oppressive child labor.” DOL investigators found more than 100 children working in hazardous jobs, under illegal conditions, with multiple children suffering injuries.
https://pestakeholder.org/news/large-investors-challenge-bla...
Blackstone's CEO was paid a quarter BILLION dollars in 2022:
https://www.spglobal.com/marketintelligence/en/news-insights...