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Comment by tasubotadas | Hacker News Reader

Why not let market figure this out? Companies that do not provide support are bound to be eaten by the others.

If you had asked the same question about airlines 100 years ago... [0]

"At the urging of the aviation industry, that believed the airplane could not reach its full commercial potential without federal action to improve and maintain safety standards,[citation needed] President Calvin Coolidge appointed a board to investigate the issue. The board's report favored federal safety regulation.[10] To that end, the Air Commerce Act became law on May 20, 1926.[11]"

[0] https://en.wikipedia.org/wiki/United_States_government_role_...

Market incumbents quite often welcome the new regulation. It helps them to avoid competition by creating entry barriers.

OK, here's an even older instance of the same thing, probably not advocated for by the industry incumbents...

229 If a builder builds a house for someone, and does not construct it properly, and the house which he built falls in and kills its owner, then that builder shall be put to death.

- Code of Hammurabi, ~ 1700 BC [0]

[0] https://avalon.law.yale.edu/ancient/hamframe.asp

Something tells me you're from USA. Americans let the market figure out public health service and prison systems. We can all see what that did to that country and its people.

Free market without any regulation whatsoever can absolutely work to the detriment of society.

Health service in the US comes with liability:

https://www.ncsl.org/research/financial-services-and-commerc...

The HHS regulates public health at the federal level. It has around 80,000 employees.

https://www.hhs.gov/regulations/index.html

https://en.wikipedia.org/wiki/United_States_Department_of_He...

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