Originally Posted by Majin SSJ Eric
Originally Posted by tpi2007 Source
The emissions scandal wasn't enough to tarnish the industry apparently.
See its stuff like this that I think is the real threat to the public, far more so than anything any corporation can do. With the power governments wield they can enact stuff like this by fiat and there is no recourse for the people. Companies may be able to rip you off (at the expense of their public relations) but governments can do the same and a lot more by using the almighty power of the law. At the end of the day, the government is NOT your "friend", yet so many people nowadays want MORE government involved in every aspect of their lives...
The government is supposed to represent the people whereas companies represent themselves, that's a crucial difference. As I mentioned in the OP, some companies are not just 'ripping you off', they are willing to go so far as cheating regulations and contribute to global pollution, which kills hundreds of thousands of people every year. If that is not a serious misconduct of private entities, I don't know what is. Let me guess, not having the regulations that they cheated would have somehow led to a better outcome?
This isn't an all or nothing discussion and people shouldn't have a one track mind a priori
about the need or not need for regulations. Some are good, some are bad, like everything else in life. Critical thinking is where we go into the detail of each, its rationale and then evaluate it.
Counterproductive proposals that don't understand the core of the problem, such as the one in the news in the OP, are objectively that, regardless of whether the entity proposing it is public or private. The reach of said proposals can be big if deployed by a government, but harmful actions and / or lobbying by private, multinational conglomerates can be just as bad, it all depends on their size and influence.