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Titan sub: crew have died after catastrophic loss of pressure chamber, US Coast Guard confirms
(www.theguardian.com)
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I can't say I fully thought out my comment to that extent, but I do agree that we need proper regulations to protect us from shady business practices, even if the CEO in this case believed it to be safe enough to take the same risks as the customers. But that is beside the point. Proper regulations protects the public even in that case.
How those regulations could be enforced on international waters is whole bag of cats that I don't even have a shoot-from-the-hip kinda opinion on. UN somehow? I don't know.