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Genuinely, in road safety, the company typically considers and weighs the cost of fixing an issue, vs the cost of lawsuits in the event of death/injury. One pa
by manarth 11y ago
Genuinely, in road safety, the company typically considers and weighs the cost of fixing an issue, vs the cost of lawsuits in the event of death/injury.
One paper on the topic talks about the Ford Pinto fuel system design: http://users.wfu.edu/palmitar/Law&Valuation/Papers/1999/Leggett-pinto.html http://users.wfu.edu/palmitar/Law&Valuation/Papers/1999/Legg...
The GM ignition-switch recall also sparked a similar debate: http://en.wikipedia.org/wiki/2014_General_Motors_recall http://en.wikipedia.org/wiki/2014_General_Motors_recall
So it's not uncommon that economics outweighs risk-to-life in a lot of businesses.
- rodgerd 11y agoWhich is one reason people should be a lot more suspicious of "tort reform" than they are.