this post was submitted on 28 Aug 2023
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But Canada operates as a free market without the issue...sounds more like a US govt with a weak regulator problem.
A free market requires stringent regulation to function humanely and morally. The two are at odds with each other. My final sentence is a critique of neoliberalism, an ideology in which regulation is reduced and power is given to corporate entities and away from regulators. It's been impossible to escape in politics since Thatcher and Reagan, and leads to some of the worst aspects of today's society that we havr to suffer. One of which is the poor people who bought a car assuming it'd be safe, just to find that the companies saved a quick buck to their loss. I hope the people win these lawsuits, but I doubt the justice system has the teeth (or willingness) to prosecute this negligence as it should be.
I said this above, and more needs to be said. Insurance companies have raised the rates of basic, liability only, for a salvage title car, by more than 70% increase in the last 3 years. $440/6mo > $770/6mo.
This is an attack on all motorists in a way I’ve never seen, and a further attack on new car owners who are unwittingly being sold these cars by car dealerships.
Financially attacking everyone for two car models that have been designed to be targets of “model”, and to allow children to make a mess of their futures. What leverage can we possibly have against this exploitation?