The automobile industry is one of the canonical examples of the market failing to deliver safety or efficiency until compelled to do so.

Ralph Nader in 1967, 57 years ago, interviewed by Studs Terkel:

<https://studsterkel.wfmt.com/programs/ralph-nader-discusses-...>

Direct audio: <https://s3.amazonaws.com/wfmt-studs-terkel/published/11364.m...> (MP3)

(The segment is excellent, and whilst in many ways a historical document also strongly informs the recent past, immediate present, and I strongly suspect the future.)