>>Paul Wharton wrote:
> >But, the broader point is that
> >government has no business wielding a gun against big businesses--
> >telling them what they can or cannot sell and on what claims.
>
>Mark Sieving wrote:
> So, you have no problem with businesses lying about their products?
In the absence of Socialism, the private market solves all of the
problems. The profit motive of information companies creates big
business giants of integrity that accumulate stellar reputations as
accurate sources of knowledge. Instead of the FDA fearfully, catching
wind of a shadow of a doubt, and sentencing thousands of ill patients
to their deaths, due to the lack of medical options on the market,
there exists legal products to choose from.
Another issue is the genetic variety of human beings. If government
ever gets out of the way--allowing the biotechnological revolution to
really get started--many now ignorant people will see that even though
"Snake Oil A" does not do anything to Human Being One, that doesn't
mean it should be forced off the market--because Human Being Two may
have a use for it.
If you look at most peoples' motive in voicing outraged concern for a
threat of fraud in medicine, it has nothing to do with a selfish fear
of bad advice or products. A lot of people want big medical companies
and doctors bound, and their profits suppressed. Since this economic
nihilism is immoral, deadly, and systemically has no basis in laissez-
faire reality, the typical example given of "Snake Oil" should be
treated like Dagny's response to the question of what protection
people have against the rail she laid: "Don't buy it!"