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The free market has made this work in the realm of electronics and electrical devices (UL), as well as the automobile industry (TS16949). The risks posed by bad
by cc439 9y ago
The free market has made this work in the realm of electronics and electrical devices (UL), as well as the automobile industry (TS16949). The risks posed by bad products in the healthcare sector are perceived as far more dangerous but the sheer ubiquity of theoretically dangerous, yet completely trusted products produced with nothing but private party testing lends credence to the argument that we wouldn't be worse off without the FDA.
The safety of US made nutraceuticals is also a testament to that fact although they have become increasingly regulated by the FDA and FTC despite a lack of prominent examples to back the need for further regulation.
- rayiner 9y agoThe difference between UL and a automobiles and drugs is that it's obvious if an electronic product or automobile works. It's very hard to tell if a drug works--and most don't. Nutraceuticals are a great example of the problem: they're safe because they're bogus and don't do anything. But because they're not regulated people waste tons of money (and suffer because they don't take drugs that do actually work). The
- omarchowdhury 9y agoSaying nutraceuticals don't do anything is quite a claim on your behalf.