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> Consider, too, the unequal bargaining power between vendors and individual consumers (have you ever tried to negotiate a form contract with a megacorporation?
by eru 1y ago
> Consider, too, the unequal bargaining power between vendors and individual consumers (have you ever tried to negotiate a form contract with a megacorporation?).
You don't negotiate the contents of your burger with McDonald's. If you don't like it, you go to Burger King or have a Döner Kebab.
There's plenty of tacit negotiations here.
> We protect people because they have failed. These regulations tend to follow actual injuries; they are rarely promulgated in anticipation of them.
Homeopathic medicine tend to follow actual health problems, too. That doesn't mean they are a good idea.
- otterley 1y ago> You don't negotiate the contents of your burger with McDonald's. If you don't like it, you go to Burger King or have a Döner Kebab. Not every industry is a competitive one with practically unlimited choices. Natural monopolies or industries with high barriers to entry tend to have the most leverage over their customers. Most people have only a single electricity provider, and there are only two major mobile OS vendors worth speaking of. > Homeopathic medicine tend to follow actual health problems, too. That doesn't mean they are a good idea. Some work; some don’t. The key is figuring out which solutions are effective and which aren’t. Nobody is proposing keeping fixes around whose costs aren’t worth the benefits to society.