Earlier quoted context omitted.
Perhaps regulators should take on a different approach... > Car manufacturers that sell more than 1 million vehicles shall pay $1M per driver, occupant or pedestrian death that occurs involving a car sold by that manufacturer. The payment shall be made irrespective of cause of death, state of maintenance of the car, or fault of any accident. This gives car manufacturers a direct, ongoing and financial incentive to ma…
And optionally, a car company can choose to increase that $1M number to $5M or $10M or even higher, and is then given a star rating for doing so that they can use on marketing material.
Our country was built on personal responsibility and accountability as core values. This applies to businesses by extension (business = shareholders).
It's better to simply mandate a certain minimum. Seat belts, backup cameras and ABS are examples.