In 1973 Ford made a cost-benefit analysis for the Pinto after it was revealed that it tended to catch fire extremely quickly after rear-end collisions. Ford con

In 1973 Ford made a cost-benefit analysis for the Pinto after it was revealed that it tended to catch fire extremely quickly after rear-end collisions. Ford concluded that paying victim's families after a deadly crash was cheaper than redesigning the car. So they kept it the way it was. From 2000 to 2010 Toyota used cheap materials in their cars that made cars accelerate and crash. It's estimated that 89 people died due to this in the US alone. Your blind believe in "the market" is simply wrong. Without regulatory oversight, this might never have come to light and you would still see Toyotas running into barriers or Fords burning after an accident. Just you wouldn't actually know about it because it's relatively rare.