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Consumers unload responsibilities onto regulatory bodies. When the regulators function appropriately, the result is better than no regulation. When regulatory a
by allovernow 7y ago
Consumers unload responsibilities onto regulatory bodies. When the regulators function appropriately, the result is better than no regulation. When regulatory agencies are captured by industry and better serve commercial rather than citizen interests, it is unlikely that citizens will recognize that their government is no longer working for them. At this point it may be better for consumers to be forced to pay more attention to the product.
And this creates multiple points of competition, unlike regulation which is somewhat anticompetitive. Transparency, efficacy, cost, reviews in the age of the internet, all combine as a form of emergent regulation which may outperform explicit agencies in some cases.
- UnFleshedOne 7y agoIf the state of online reviews is any indication, things would devolve into a clusterfuck of disinformation. Committees Of Concerned Citizens On The State Of Toothpaste will pop up and dissolve like mushrooms, some of them funded by this or that corporate interest, some being incompetent to evaluate state of anything, and the rest drowned in all the noise. Emergent anything only works if there is an explicit external force pushing things towards a specific organization or a set of laws of nature that produce outcome you happen to find satisfactory. I guess your point was that current state is worse than that already, and that's a valid point, although I don't think this is the case.