And this Kei Truck response is a good example of how a market (free or not), while seeking to find all profits, uncovers an unmet need in the market and adapts for the mutual benefit of the consumers And the producers.
You find this everywhere there is a centralized "authority". Incumbants use every trick to keep their tribe in power at the expense of what that central power was nominally "supposed to do".
The purpose of the system is what it does. The purpose of seemingly all regulatory institutions is to gain and maintain power for the tribe in power.
I mean not really since they are imported used vehicles from Japan
These trucks are illegal to sell new in the states
Japanese producers aren’t designing these vehicles with American second hand JDM import buyers in mind
Kei-truck manufacturers make no profit off this US uptick and consumers are at best irritated and at worst paying import fees because their domestic producers refuse to meet their needs and force them to cough up more cash for a vacuously useful and environmentally harmful oversized utility vehicles
Markets can work, this is a clear example of it breaking down (for the US) and a sign the government should step in to steer the - arguably flailing - market
You're suggesting government step in and stop the market from adapting around existing regulation? But that's how we got where we are right now. If government weren't in the way we'd have even more happy buyers.
You point out US consumers might be annoyed at bad local options and are looking elsewhere then suggest that this is a failure of the market when in fact it is this market action that permits the consumer to find a better solution for their problems. All government can do if they "step in" is make this even harder.
jqpabc123|1 year ago
Look for those profiting from the status quo to do everything possible outside of the market to stop it.
skidd0|1 year ago
The purpose of the system is what it does. The purpose of seemingly all regulatory institutions is to gain and maintain power for the tribe in power.
lmpdev|1 year ago
These trucks are illegal to sell new in the states
Japanese producers aren’t designing these vehicles with American second hand JDM import buyers in mind
Kei-truck manufacturers make no profit off this US uptick and consumers are at best irritated and at worst paying import fees because their domestic producers refuse to meet their needs and force them to cough up more cash for a vacuously useful and environmentally harmful oversized utility vehicles
Markets can work, this is a clear example of it breaking down (for the US) and a sign the government should step in to steer the - arguably flailing - market
skidd0|1 year ago
You point out US consumers might be annoyed at bad local options and are looking elsewhere then suggest that this is a failure of the market when in fact it is this market action that permits the consumer to find a better solution for their problems. All government can do if they "step in" is make this even harder.
You cannot Force a market.