robert1952:
[zb]
anorak:
Enough short term wealth is created to “justify” the long term problems. The wealthiest group of people drive the decisions harder than the rest, because they have more power- the more money they make out of the rest, the faster the drum is encouraged to spin. The ratio of short term gain to long term loss is therefore a function of the ratio between the wealth of the richest and that of the poorest, it seems. You would need to be a bloody good economist to put numbers to that.The aspect which intrigues me is the failure of some of the firms to meet the criteria. It is as if some risk was engineered into the rules, to make the stakes higher and, potentially, precipitate a cull in the number of competitors in the market. ■■■■■■■ and Caterpillars’ travails in the US point to the latter. Why should a behemoth like VW catch a cold, though? You would have thought it, along with the other global car companies, would have got things right. I detect the interference of the legal sector- they are just as evil as the banks. They thrive on conflict, and what better battleground than a raft of awkward legislation? Lawyers, advising the regulators in the Governments.
You old cynic, you! But I like the theory. Robert
That doesn’t make any sense.Because the lawyers would only get any benefit if they could predict a situation of non compliance by their prospective targets.As opposed to either doing what CAT did in walking away or doing whatever it takes to comply.IE for that type of conspiracy to work it would have needed to go along the lines of we know we’ve set them an impossible hurdle in terms of emissions standards and we know that they’ll fiddle the tests to get over it.