Originally Posted by Sydde
The market will move whatever it can get away with (e.g., Fen-phen, sub-prime mortgages trans-fat), and people will buy it.
I agree with you that in most situations, companies are not going to necessarily look out for any interests other than their own, which necessitates there being some type of administrative or peer review, and organizations setting certain standards such as the organization that determines if electrical products are reliable or will burn your house down.
I think a lot of time people advocate a completely unregulated market without realizing that certain types of oversight benefit not only the consumer, but the company as well (i.e.: liability). We can have a free market without a totally unregulated market, which many people do not seem to think. We just have to find the right blend of hands off versus moral review.