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It was intended by the car companies. As usual, the regulatees understood their business much better than the regulators.
by tlb 3y ago
It was intended by the car companies. As usual, the regulatees understood their business much better than the regulators.
- tgv 3y agoThey bribe them.
- tlb 3y agoThey don't usually have to. They just lobby for something that sounds like it will be good for the public, but is actually good for them in the long run. They can bamboozle well-intentioned regulators because they understand their customers, their operation, and the future of the market much better than the regulators.