Regulation (in a way) is exactly how we got into this situation. CAFE was meant to enforce emissions standards, but the way it was written meant that making a bigger vehicle resulted in a lower fuel economy requirement. The Chicken Tax essentially stopped foreign trucks from being able to compete in the US market, which meant that Ford/GM/Dodge got to create an oligopoly.
Omgpwnies@lemmy.world 5 days ago
Regulation (in a way) is exactly how we got into this situation. CAFE was meant to enforce emissions standards, but the way it was written meant that making a bigger vehicle resulted in a lower fuel economy requirement. The Chicken Tax essentially stopped foreign trucks from being able to compete in the US market, which meant that Ford/GM/Dodge got to create an oligopoly.
grepe@lemmy.world 5 days ago
regulation only works if the laws are not written by the companies that are being regulated