Borenstein: The Titan implosion provides a tragic lesson in buyer beware

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Borenstein: The Titan implosion provides a tragic lesson in buyer beware
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The five deaths, which experts had feared and warned about, raise questions not just about risk but about informed risk

Let the buyer beware.As the world was gripped this week by the search for the Titan submersible, the tragic saga raised difficult questions about transparency and risk tolerance.

We have heard two narratives. First, that the passengers understood they were taking risks climbing into a 22-foot vessel to dive 13,000 feet into the Atlantic Ocean. Second, that Stockton Rush, the chief executive of deep-sea exploration company OceanGate Expeditions, in a quest for technical advancement, played fast and loose with safety.

We understand we’re taking risks. And we can’t be fully informed of those risks. But we should be informed about the knowable risks. Unfortunately, too often the government isn’t or, in the case of a vessel in international waters, can’t be there to protect us.

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