[quote]LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
LIFTICVSMAXIMVS wrote:
…
What recourse do consumers have when the government makes a mistake?
Elect a new government.
What recourse do we have when someone sells us rat poison and tells us it will lower our blood pressure?
I understand what you are saying but private industry is even more corruptible than government when it is its own watchdog.
What is to stop company A from buying the watchdog organization?
How does an election at a later date help now? Do you think just changing the organization internally fixes the inherent dangers of monolithic decision making?
Businesses, when not protected by the government, cannot remain solvent when they harm their customers – they will be punished when their customers shop elsewhere. Businesses have nothing to gain from harming their customers. In every instance, the warning about faulty Chinese products (toothpaste and toys) were found by private agencies (in South America) – not a regulatory agency.
Choice is always preferable to no choice. Just like I don’t trust a single source for my news information I don’t trust a single agency to protect me. In fact, it is counter-intuitive to do so.
In the event there were a gap in knowledge created by a lack of information there will eventually be a means to fill that gap so long as there is a real demand for the information and there is free entry into the market. Regulation bars entry into the market and consumers suffer from it.
However, this does not change the fact that people still have an obligation to act morally and still should be held accountable for their actions.[/quote]
Ever hear the terms “get rich quick” and “fly by night”?
The supplement industry is already loaded with bullshitters. It doesn’t need any more.
We need intelligent regulation. Not heavy handed fear based tactics or a buyer beware marketplace.
We need to fix our institutions, not destroy them. I keep looking for evidence that Ron Paul wants to fix them. I don’t find that evidence.