Originally posted by Benguin [/i]
>>Manufactured with a dangerous design flaw that made them lethal in a rear end accident. Ford decided after analysis of recall costs it would be cheaper to pay the letigation for the deaths than organise a recall to rectify a fault with the rear indicator relay and petrol cap. They only changed their approach after a public outcry. They are still in business, and still making dangerous design mistakes.
There is no such a thing as perfect safety in anything. But in fact the Pinto case seems to more of an example of government intrusion than any real design flaw, to wit:
"In a summer 1991 Rutgers Law Review article Gary Schwartz demolishes "the myth of the Pinto case." Actual deaths in Pinto fires have come in at a known 27, not the expected thousand or more. More startling, Schwartz shows that everyone's received ideas about the fabled "smoking gun" memo are false. The actual memo did not pertain to Pintos, or even Ford products, but to American cars in general; it dealt with rollovers, not rear-end collisions; it did not contemplate the matter of tort liability at all, let alone accept it as cheaper than a design change;
it assigned a value to human life because federal regulators, for whose eyes it was meant, themselves employed that concept in their deliberations; and the value it used was one that they, the regulators, had set forth in documents.
In retrospect, Schwartz writes, the Pinto's safety record appears to have been very typical of its time and class.
-- "The Most Dangerous Vehicle On the Road"
By Walter Olson
Wall Street Journal, February 9, 1993
http://walterolson.com/articles/gmtrucks.html
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>>Then explain how your logic has the tobacco companies still in business, oh and alcohol companies.
Tobacco and alcohol companies are still in business because some people like to smoke and drink. Do you have a problem with "freedom"?????
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>>None whatsoever. People are free to take the drug companies' products. Some have side effects, some have poor efficacy ratios. It's your argument, damn well state it properly !
I just did. It has to do with freedom, You now claim to be in favor of freedom, but your entire point was to extol the tyranny of regulation.
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>>And if you follow UK news you can see deregulation and privatisation has had a stunning effect on our water, telecom and train industries. There have been benefits, but safety and forward thinking are not evident amongst them.
Not being familiar with UK deregulation in anything since the Iron Lady, I defer. But I strongly suspect you are mis-representing the situation.
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>>You could produce some evidence.
Oh, but it is you who made the claim of a downside to UK de-regulation. Where is YOUR evidence???
>>The notion that privatisation and deregulation produce, of themselves, efficiency, service and safety improvements is not supported. Produce evidence.
I just did. Add to that the following:
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>>Maybe the brown-outs in california? that wasn't a one off now was it?
Brown-outs in California were not caused by free, competitive enterprise but by government regulation.
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>>How is a drop in energy price beneath market rate not, at least in part, competition related. Again, evidence please.
California's Troubles Not Caused by Deregulation
by Jerry Taylor and Peter Van Doren
"First, the state forced the electricity companies to sell their power plants to independent investors and become power distributors.
Second, the state assumed total day-to-day control of the utilities' power grid to make sure they couldn't abuse their market power.
Third, the state required new owners of the divested power plants to sell their juice to a state-managed "power pool." The price of that power is set by a daily spot market run by - you guessed it - the state. Electricity companies that wanted to compete for your business had to buy their electricity from this pool, and the price charged them was equal to the highest price received by any electricity generator in the daily state-managed spot market.
Fourth, regardless of what they pay for power in the wholesale market, no company can charge a consumer more than 6.5 cents per kilowatt hour. That price can't change until the company has paid off its share of the bailout the state gave the electricity companies in order to accept this new regulatory scheme.
Now, what kind of "deregulation" imposes rigid government dictates on how industries should organize themselves? What sort of deregulation keeps fixed prices on retail providers? What kind of "deregulation" requires retailers to buy power through a state-run central exchange? And what brand of "deregulation" forbids retailers from buying electricity more than one day ahead? "
http://www.cato.org/dailys/01-17-01.html