gipper
Diamond Member
- Jan 8, 2011
- 67,222
- 35,809
- 2,605
And why would that be better for the consumer? Do you not see how easily the producer could fool the consumer.Wh
Don't you think there should be regulations on how much lead is in paint? How about regulations against cancer causing ingredients in your pharmaceuticals? In your food? How about addictive additives in cigarettes? Shouldn't protection be provided to consumers?
Should government make those things illegal if they don't conform to whatever standard government sets as reasonable? No. Should producers of those things be required to disclose what they know or face civil and potentially criminal liability? Absolutely. An informed consumer is an empowered consumer. A regulated consumer is an empowered politician.
So you're saying that producers would be legally required to publically list every ingredient that is in their products? Why is it that such a better alternative than just setting guidelines? Tell me let's say we did it your way and a drug company discloses every ingredient in their drugs. How is the common consumer going to know which ingredient is cancer causing and which is safe?
I said "disclose what they know," I did not say "list every ingredient." Those are not synonymous.
Well, it comes down to whether you believe you can make better choices for yourself or government can make better choices for you. If you have the information to make an informed choice, do you really need a politician to do it for you? Why?
Without regulation or rule of law, producers can easily cause detriment to consumers for the sake of profit. Like it or not there must be a gov agency overseeing the market for the sake of consumer protection. Regulation and capitalism can still go easily hand in hand.
You have this us verses them mentality about the government. You forget how great our system really is. We elect officials that are bound by the same laws we are.
Yes our government regulates the economy, but not to protect the public, but to enrich itself. That is evident by it's actions these past few years....particularly with the TBTF banks, government has only made them bigger and more powerful.
Rule of law and regulations are entirely two different things.