No. I stopped at “the government should…”
That never goes the way you think it will.
That never goes the way you think it will.
But to discard an argument entirely is to bury your head in the sand.
Regulations are applied to many industries and limit the kinds of claims that can be made about products, and those regulations are important to public safety.
Such regulations most often apply to products that involve life or death consequences.
A company marketing vitamin supplements can’t claim that the supplements are proven to cure cancer, and that’s a good thing.
This is not to say that the government can’t or doesn’t get things wrong. But I’m curious how you feel about limitations placed on financial, food, and pharmaceutical companies.
At a minimum, there’s a fraud angle. You shouldn’t be able to claim to sell something that does A when that thing cannot in fact do A.
And when A happens to be critical to not dying, the implications of that claim just raise the stakes even higher.
Heavy-handed regulation I can't back though, in part because it is (increasingly these days) as broad as possible, as vague as possible, ensnaring far more then the initial case merited.
Not bragging, just bored.
Although honestly, it should also be on the regulation proposer to say cite why such a rule is necessary, and more importantly, under which conditions, if it doesn't work out, such a rule might be withdrawn.
I mean: We've had Medicaid, but still have problems in elderly healthcare. We have the Patriot Act, but still have terrorists. We have a Department of Education, but still have low (possibly lower) quality schools. We have a CDC, that failed in testing and containment of disease. We have an SEC, but SBF's fraud went unabated (although hopefully punished soon). We have an FAA, but still have unworthy aircraft (737 Max looking at you).
Perhaps then next round of rules proposed by folk looking to win their next popularity contest will work next time, I just doubt it very much. I just don't see much value in these rules - if bad things keep happening, what was the point? Might as well not have them, and make people directly responsible, through a court of actual law, when actual damages have occurred.