We don't need regulation. We need consumer education (and in this gov funded programs can help) and entrepreneurship to provide the market with what it demands.
We don't need regulation. We need consumer education (and in this gov funded programs can help) and entrepreneurship to provide the market with what it demands.
Regulation is about controlling what other people buy, which I find to be absolutely unjustifiable. If you don't want unsafe food, you should deliberately avoid it. The problem is no government or private company provides any kind of certification on this.
Also we need to take in account that you cant only take in account the consumer point of view. Other aspect like geopolitics or pollution or security need to be addressed: Japan still try to support agriculture because they don't want to have starvation in case of a maritime blockade. We still have states secure maritime transport and fight piracy.
The difficulty, is to see what need to be regulated and what can be let to the market force. And there is no definitive answer because the market react to regulation and regulation are adapted according to market behavior. But ideology and culture background are determinant to define what proportion you want. It is clearly the opposition between collectivism and individualism. I think both to the extreme are wrong.
>We have already plenty of certification companies that take your money in exchange for a nice logo/label on the packaging. You still need an expert to tells if they do it right.
I think you're underestimating how reputation and communication lead to consumers gaining reliable information in the marketplace. Apple didn't develop a reputation for quality and customer service for nothing. It earned that reputation, and the marker rewarded it for it. Consumer knowledge is often times far more sophisticated than voter knowledge. If consumers are too ignorant to solve this problem, then I have no faith voters will solve it. This comes down to a problem of ignorance, and once that problem is solved, then marketplace solutions can be introduced, whether through cookie-cutter mandates imposed by government that reduce our freedom, or through a diverse array of products/services provided by entrepreneurs that expand our options.
This idea that since you need an expert, it must be done through regulations imposed on everyone, is nonsensical. Experts can work for nongovernmental organizations too, and can have a contractual obligation to serve the public interest, just as government officials do. Moreover, the government can appoint experts to the task, and provide its own certification of what products meet its standards, without making said standards mandatory.
Frankly I find this insistence that only a government appointed body, that imposes standards that no one in society is allowed to opt out of (even if they like BPA in their food), would work, because of an almost religious like faith that market mechanisms, meaning people interacting through voluntary exchanges and contracts, can't work, to be immature.
Assuming no pollution-related concerns affecting non-participants, there is absolutely no moral justification for prohibiting people from buying/selling food containing some hormone disrupting chemical. What society needs is the information with which to make informed decisions. But that decision should be each individual's to make.
I don't believe that government are perfect and the only solution but I think they can be part of it. You have classes of problem where regulation is an answer, one of them is when the condition of a fair market are not met: Monopoly, information asymmetry (You don't have the same resource as GS to understand the market condition ). So some regulation are in place to allow a market to work for all.
The state is there to define the boundaries of acceptable behavior because he is the only one that is allowed to use violence to enforce rules. I think we need to have a minimal level of regulation because we need some liberty to have innovation. This minimum is difficult to agree on and I suspect the level of regulation i would accept is higher than yours but I think you accept certain level. Most people would reject slavery, experimentation on human, kidnapping, extortion ... as normal behavior. But they were accepted at some point.
I fear regulations for that reason. If political marketers convince voters to elect some puppet for special interests, who imposes regulations mandating I use some inferior product, by prohibiting all other options, I have no way to opt out.
I trust the ability of people to see through marketing lies when it's in the context of an organic market with multiple options, mediated my consumer interest, more than when it's relating to politics and proposed regulations to mandate one solution for the entirety of society.
There is a lot of propaganda out there to make people fear the market, and to believe that its advocates are the bad guys (unsuspecting dupes for corporate interests), and I believe that this is by design, and the originators of these memes are in fact projecting. They represent a powerful elite who stand to extract economic rent when the state eliminates choice from market in the name of consumer protection, and they have created an elaborate ideology to convince the population to support their policies. Don't fall for it.
>Monopoly, information asymmetry (You don't have the same resource as GS to understand the market condition ).
The government can address monopolies without prohibiting consumer choice. It can simply fund a public option. For example, it can provide publicly owned roads, so that people aren't stuck with a private road network. It doesn't need to prohibit private roads.
As for information asymmetry, this is effectively dealt with in the market. See my microprocessor example I brought up earlier.
>Most people would reject slavery, experimentation on human, kidnapping, extortion ... as normal behavior.
These are all qualitatively different than buying food with hormone disrupting chemicals. In fact, the law you're advocating is more like these things, as it reduces personal autonomy by restricting the right to engage in voluntary interactions. It is clear when a legal remedy is appropriate, and when it is not. This can be deciphered by considering the nature of the law:
https://www.theatlantic.com/politics/archive/2016/06/enforci...
I think I fear also the harm that powerful people or corporation do right now and I think someone need to take action. What is difficult is to have the right balance between liberty and regulation.
We see a division between continental Europe and Anglo-saxon country; In Europe we have more regulation and I think less economical growth and less innovation and the US where it seems you have less regulation but often more meant to create rent and crazy companies behavior but you have growth and more innovation.
Thanks for your comments, it s nice to have a good conversation :)
If companies are allowed to bury the lede enough, customer choice can become ineffective at influencing the market, because it may not be exercised widely simply due to sheer pain-in-the-ass factor.