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Don't manufacturers do that already? Take into account the probability of a costly failure, and increase the price to account for it. And compensate victims to
by algo646464 5y ago
Don't manufacturers do that already?
Take into account the probability of a costly failure, and increase the price to account for it. And compensate victims to a certain extent, but quietly. I suppose they would fight any publicity of such incidents, since that would have a huge impact on sales, I have read a few such stories, and usually they disappear from the news pretty soon, likely because the victim agreed to be quietly compensated. I could be wrong.
- romwell 5y ago>Don't manufacturers do that already? Yes they do, and this is why we have CPSC and lawsuits: to increase the cost of failure to the point where it's not a wise business decision to allow one to happen. Nothing is 100% fool-proof, but the difference between 99.9% safe and 99.99% safe is 10x decrease in incidents.