Internal memos from 1970s - 2000s reveal knowledge of asbestos traces. Executives, better known as caring capitalists, resisted disclosure.
In case you think this isn’t a pattern: Purdue and Oxy, General Motors and their ignitions switches, DuPont and “confirmed animal carcinogen” Teflon, Philip Morris’ cigarette campaigns, VWs dieselgate…
Each of them found to be suppressing knowledge knowingly harming consumers.
Yes of course it is in their interest to lie / hide until it becomes public knowledge. But regulation has the exact same problem (hence why Asbestos was not regulated for a long time, same with your other examples).
When it is widely known (and therefore can be regulated) it is already too late as it's now in the producers interest to cease producing it.
Heavy litigation after the fact can disincentivise the lying in the first place. If legislation doesn't not allow for this (e.g. because of time limitations) then it should be amended.
https://www.reuters.com/investigates/special-report/johnsona...
Internal memos from 1970s - 2000s reveal knowledge of asbestos traces. Executives, better known as caring capitalists, resisted disclosure.
In case you think this isn’t a pattern: Purdue and Oxy, General Motors and their ignitions switches, DuPont and “confirmed animal carcinogen” Teflon, Philip Morris’ cigarette campaigns, VWs dieselgate…
Each of them found to be suppressing knowledge knowingly harming consumers.