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Playing devil’s advocate, but consumer choice isn’t some silver bullet to magic up better outcomes. Corporations can hire armies of risk analysts to understand
by owisd 4y ago
Playing devil’s advocate, but consumer choice isn’t some silver bullet to magic up better outcomes. Corporations can hire armies of risk analysts to understand the product they are selling better than you ever can as a consumer, so there’s almost always an information asymmetry that they can exploit. Good quality regulation would exist to redress that balance, even though it would reduce the number of potential choices. All the choices that it would prevent were never good faith options.