Does the public allow sale of a car that is not fully auditable? If not, the car manufacturer will permit you to do so.

I'm a little bit confused by this sentence! Though I suspect maybe I agree, if I'm maybe-possibly parsing it right? :)

Yes, public regulation. Developers cannot be counted on to self-regulate each other.

Agreed that public regulation is going to be necessary for success! What does this mean as in terms of free software informing (or even becoming...?) regulators?