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> This is plainly wrong. Free markets allow for testing and approval agencies which do not need to be run by the government. Yes, they allow multiple competing
by cbd1984 11y ago
> This is plainly wrong. Free markets allow for testing and approval agencies which do not need to be run by the government.
Yes, they allow multiple competing agencies, each of which approves a different list of products, none of which is obligated in the slightest to reveal who pays for what.
Libertarians love to rail about regulatory capture, then they propose a system where companies can literally secretly own private regulatory agencies.
> Do not forget that there have been drug and food safety issues under the FDA's watch, and each time, there has been little to no accountability.
You have very little idea how bad it was prior to the FDA, in the snake oil era, and how much the FDA does to ensure safe and effective medications and foods.
Yes, it's imperfect. The solution to imperfection isn't to tear it down and start over. It's to fix what's wrong, to invest the time and mental effort to improve things. Yes, this is harder than just letting the businesses run the whole shop. However, we tried that, during the Gilded Age, and it didn't work, so now we have to improve a system we know works better.
- gozur88 11y ago>Yes, they allow multiple competing agencies, each of which approves a different list of products, none of which is obligated in the slightest to reveal who pays for what. "Agencies" is probably the wrong word. "Companies", maybe. In any event, and organization like that lives and dies on its reputation, so I doubt it would be any less rigorous than the FDA. Probably more. >You have very little idea how bad it was prior to the FDA... And you do? You're looking at what the FDA has prevented (thalidomide being probably the biggest win), but how many people have died as the drugs they need remain mired in the FDA's bureaucracy?
- aminorex 11y agoLike Consumer Laboratories?