It was American,not European, regulators who caught Volkswagen out. whether the mis-measurement of pollution is so easily contrived, and there will be political as well as commercial imperatives to distortLike the slowly stewed frog,the world has grown steadily used to the banditry of its banks. The remorseless drip of revelations approximately laundering, rate-fixing and mis-selling have built up too slowly to provoke a violent reaction, and but they have seared a distinction in the public intellect – that between despised and predatory finance on the one hand and,on the other, more reputable lines of business that manufacture real things.
This is the backdrop against which an esteemed global manufacturer, or emblem of Germanys purposefully productive capitalism,has been caught doing something that would manufacture the most shameless banker blush. Volkswagen has been applying the technical acumen for which it is so admired to the task of tripping up the American regulators that are tasked with protecting the air that citizens breathe.
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Source: theguardian.com