It's always greed. I can guarantee you that if the FDA was defanged in the United States you'd see a massive spike in food and drug safety failures and counter

It's always greed. I can guarantee you that if the FDA was defanged in the United States you'd see a massive spike in food and drug safety failures and counterfeiting. If a company can profit significantly from cutting corners inevitably someone will try it. The market may punish some of that behavior to the point that a new equilibrium would be reached but it would certainly be a more dangerous baseline. For many things the only thing that keeps greed and misconduct in check is a robust regulatory regime. They vast majority of people in any society neither has the time not expertise to check products for safety and authenticity.