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View Diary: How Regulation came to be: The Hotel Fires of 1946 Pt I (74 comments)

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  •  up to a point. (1+ / 0-)
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    HylasBrook

    There also comes a point where entrenched players use regulation as a deliberate strategy to keep out competitors.

    Just say Automobiles.  

    And the answer to that is to enable new startups to get limited waivers that require explicit disclosures to buyers:  "This vehicle is built to (year) safety standards: it does not have (list of items).  Costs for insurance will typically be X% higher as a result."  

    The principle is informed consent.  

    •  My recollection is... (4+ / 0-)

      ...that the auto industry fought regulation every step of the way.  I recall an endless line of auto execs marching to to capital hill in the seventies and eighties to tell Congress that the American public didn't want safety features, didn't want emissions controls, didn't want anti-corrosion materials, didn't want anything that might raise their cost one penny.  We bought a Volvo in 1975 time as a lonely-voice-crying-in-the-wilderness way of saying "we do."

      I think the point where American automobile manufacturers last voluntarily put features on their cars (prior to competition from the Japanese and Germans forcing them to) was back at the turn-signal / headlight / rear-view mirror stage, and I don't think that's something we want to let them opt out of.

      We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both. - Justice Louis D. Brandeis

      by dsteffen on Sun Oct 25, 2009 at 07:16:53 PM PDT

      [ Parent ]

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