April 1, 2014

Stauncher than the staunchest Libertarian!

Able to leap public roads in a single bound!

Road & Track makes an interesting assertion:

GM's recent wave of recalls reveals the ugly truth: The brutal competition for car sales can lead automakers to cut corners, including in crucial safety gear like airbags, steering, and brakes. The bottom line is that some automakers can't be relied on to always put customer safety first.

In these situations, even the staunchest libertarian has to admit an uncomfortable truth: When all else fails, we ultimately rely on government regulators to ensure our safety on the road. Unfortunately, the still-unfolding GM scandal reveals that motorists can hardly rely on this last line of defense. That's because, like so many aspects of the US regulatory system, auto safety officials have more incentive to serve the interests of the automakers they are charged with watchdogging than to fulfill their public duty.

Well ain't I the staunchiest ever all of a sudden? I reject, flatly, that "we ultimately rely on government regulators to ensure our safety on the road"' and would suggest in a heartbeat that the Underwriter's Laboratory model would work well to replace both the FDA and the National Highway Transit Safety Administration.

States say you have to get insurance. I'll part with some staunch points to accept that (Murray Rothbard, forgive thy straying servant...) I suggest that State Farm or <stentorian_voice>Allstate</stentorian_voice> can refuse or overcharge for insurance if your car does not pass Johnny's Kwick Kar Kompany's substantive inspection.

Send the other lads home -- they terrorized Toyota for a non-defect and gave Gub'mint Motors (I'll accept a shade of conspiracy theory on this) a pass.

We're from the government, and here to help. Posted by John Kranz at April 1, 2014 7:02 PM

They overlooked two key points:

General Motors IS the government!
GM told regulators of the problem quite a while ago.

The staunch libertarian suggests competition is the best way to get quality (for those who will pay for it).

Posted by: nanobrewer at April 4, 2014 12:55 AM | What do you think? [1]