Risk-based or Hazard-based Regulation

RiskMonger's avatarThe Risk-Monger

Originally published on 27 August 2015 – Re-posted for the Risk School series

This is a three-part blog. In part one I look at the irrationality of hazard-based regulation. In the next blog, I will identify the type of person who promotes it – someone I will call the “contrapreneur”. Finally, their success will be explained as only possible in a vision-less world where expediency is the political virtue.

You can find the French translation to this blog here.

Today, no doubt, most of us have managed the following risks:

  • Controlling the exposure to injury from falling down stairs by using the hand-rail or taking care
  • Reducing exposure to obesity and other health risks by limiting calorie intake
  • Avoiding exposure to a car accident by stopping at a red light

Risk-management is ubiquitous. From the moment we get up to after we fall asleep, we are managing our exposure to hazards…

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