This is why I don't understand many of the arguments against federal regulation. I know regulation hurts the economy and makes doing business harder. I understand. But most corporations will not self-regulate even when people's lives are at stake.
Also, it doesn't make business that much harder unless you built your business on being shady. See: the recent GDPR kerfuffle. For some it was just business as usual on May 26th.
They will because people will still buy their crap. There are plenty of lazy, misinformed, ignorant people who would do anything to keep happy-poisoning themselves, including fighting legislation meant to protect them.
And then they'll eat their babies. More realistically though they'll try to buy these companies to get their talent and patents. So in the end you banned the poisonous stuff, people who innovated made a lot of money and everybody's better off.
Maybe my hypothesis is overly optimistic but yours is comically grim. Do you think that we shouldn't have banned asbestos or leaded paints? That's exactly the kind of completely dogmatic rant I complained about in my sibling comment. "Things don't work perfectly all the time so let's do absolutely nothing".
Patagonia has switched to shorter-chain PFCs for many of its coatings (C6 instead of C8). They are also actively investing in research for alternative chemicals with adequate performance.
Nikwax, which sells re-waterproofing products, never uses fluorinated compounds and is a good brand to look for at the store.
Existing businesses might go belly up, but new ones will spring up to fill the post-regulation needs, and as long as there are businesses doing stuff the economy will grow.
There is much less evidence that the economy suffers under regulations than the opposite. Just look at California, for instance.
Interestingly that whole cryptocurrency epic we're witnessing is quite educative from that point of view, it makes the dogmatic "government = bad" position rather precarious and forces a more nuanced approach from either side.
Regulations can legitimately protect the public, or they can originate from well organised companies and other groups wanting anti-competitive practices to protect their own position.
So somewhat problematically arguments against regulation either tend to originate from people and companies who want to benefit from its absence, and typically don't care, or don't want to care, about the larger cost of their actions; or from people and companies trying to compete against the former.
Aiding and abetting all this, are theoretical (and incorrect) arguments from economics about self-regulating systems, which in the case of economics, and apparently only in economics, are devoid of features such as positive and negative feedback loops.
That seems to be the case in this very example. TFA kicks off with "News that the Environmental Protection Agency pressured the federal Agency for Toxic Substances and Disease Registry to suppress a study showing PFAS chemicals to be even more dangerous than previously thought".
Also look at the water problems in Flint, MI, where governmental empire building led to a lot of health problems. It's sometimes the government's own refusal to self-regulate that causes the problems.
So it's wrong to believe that corporations are necessarily the culprits, and we can count on government to save us.
Yes, we need some regulations, especially when we're talking about tragedy-of-the-commons destruction of public resources. But don't go into it with a naive idea of "corporations evil, the government will save us".
It’s the reason why the SEC never caught Maddoff (who ran the SEC!!!), or literally ANY of the 2007/08 bad actors. Or why the EPA sat quiet on the 3M situation other than small slap on the wrist fines.
The only way around the corruption in the system is the open flow of information, which has only just been picking up steam. The amateur and crowd sourced expert/investigator is our best hope to find the truth in these situations.
https://www.google.com/search?q=site%3Awikipedia.org+%22heal...
How does that search demonstrate anything?
https://www.nationalreview.com/2011/01/welcome-machine-kevin...
All you need to keep businesses honest is to let individuals/localities/states sue the hell out of the businesses if they are harmed by the business.
The only place regulations make sense is where harm is at a very large (country/planet) scale, where there is no coming back from, such as climate change.
That's a downside, but not at all a reason to write all regulations off.
I'd hate to live in a self regulating society where disputes are resolved by legal action. I'm guessing you're pro legal regulation in this dystopia?
All you need to do to refute this is look at the history of fraud, incompetence and other abuse in the Bitcoin/*coin marketplace. Adam Smith's invisible hand drives price competition in the marketplace, but it doesn't govern conduct.
Punting the need for regulation to the courts is just robbing justice from the public at large. Instead of having a rule that can be easily enforced and understood through the regulatory process, you're going to organically create rules via litigation and precedent. But in the process you're raising the bar in terms of cost and preventing entities without the resources to litigate from realizing justice.