Economic systems are no longer a huge part of political discourse. Back when the Titanic sunk, communism vs capitalism was big.
Coincidentally, the crew of the Titan sub that crushed diving to check out the Titanic could very easily have had "Victim of Capitalism" inserted into their obituaries.
They followed all the safety regulations. But that was a time when the safety regulations were wholly inadequate, and they knew it but chose to proceed anyway.
They followed the safety regulations. The regulations were inadequate at the time but since they weren't forced to do more, they didn't.
The Titanic was originally designed with enough lifeboats for everyone. They removed lifeboats down to the minimum required by law to save money. Back then, the number of lifeboats required was determined by a ship's tonnage rather than the number of passengers on board.