Guy, I'm at work and posting in numerous threads. I apologize for not prioritizing a reply to you, I wasn't aware of your importance around here.
Competition drives innovation. Guaranteed money and government regulation stifles it. I understand that greed and the drive for profit can be taken too far, and I'm against that as you are. But, shiny prizes drive people.
actually, government regulation leads to innovation, efficiency, and better profits in the end. I mean, it just always does. Why do you constantly lie about things where history is fundamentally against you?
Here's one: Remember when fossil fuels industry were dumping $$$ into stifling federal research into the effects of lead, how it was poisoning our soil, our drinking water...how all of this would bankrupt them and run the auto industry out of the country? That it would be too expensive? That it was regressive and "stifling"? Remember that? All of the millions of millions of dollars to fight regulations on toxic lead and promote fuel injection technologies and all that? Remember? You would have been the same denier of all of the data on lead, demanding an end to this government overreach. You would have.
But man, all those regs sure did kill efficiency and make autos less profitable! But hey, I guess unlike you, I wasn't the sort to be happy living in a world where cities would just have their major rivers spontaneously alight, because "the business" must be left alone!