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 Originally Posted by boost
Clearly you are not familiar with the times before regulation where traveling sales men would sell all sorts of unproven and often times dangerous elixirs.
Here's another example for you. Without regulation, there would be no restaurant inspections. Although I, being on the side of the restaurant, normally view inspections as an annoyance, they are necessary. Without them a place can serve unsafe food and put peoples lives on the line. Yes the business will be shuttered eventually, but others who don't have high standards will continue to open unsafe restaurants. Inspection (and therefore regulation) can actually be seen as a benefit for businesses; we could easily imagine a consumer base that is fearful of trying out the new restaurant on the block since it hasn't been proven to be safe.
Even if we accept the idea of self correcting markets for truth, we have to figure out on what sort of time frame they self correct. Is the "freedom" gained worth the damage suffered before the market corrects itself?
Ok, I see your point about the travelling salesmen, but somehow society survived those as well. Ok, yes, some regulation is necessary. In some industries I will give you some of that. But let's not get it out of control either... obviously governing is a compromise, between extremes of total control and no control.
I'll bow out, as it appears that we won't get to a point where we agree, as I have views that I'm pretty well stuck with, even though I try to be open minded and learn as much as possible, it seems more like preaching than teaching though, and I'm not getting the time to put into the conversation and the fact remains that we will just disagree.
Thank you for discussing it and trying to educate me a little as well.
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