By your logic we shouldn't regulate smoking or guns or a million other things we regulate, for good reason.
By your logic we shouldn't regulate smoking or guns or a million other things we regulate, for good reason.
It's not just about stupid people. It's also about people who get deceived by marketing (i.e. all of us, in some way, at some point). It's also about the market adjusting prices so that the unsafe option will be the only option available for some people, while true costs are externalized onto society.
But the point still is, as you say, we regulate a lot of things for good reason.
Yes, but it'll work the other way around - the "safe option" will become cheaper, otherwise services that provide it will go out of business. What makes you think that "unsafe option will be the only option available for some people". Feels a bit like you're demonising the free market.
stupid people will hurt them self, one way or another. You can't protect people from their own stupidity by introducing more and more regulations. Soon, you won't be able to purchase a kitchen knife.
Now we have:
- speed limits
- car making regulations
- fuel regulations
- ...
And 99% of those rules are good for society as a whole.
Regulation isn't bad in and of itself, abuse of regulation is. Focus on the real target ;)