Tag Archives | safety  Doesn’t laissez-faire capitalism lead to
unsafe products?   The concept involved here is reputation — a
doctor with a reputation for killing his patients in surgery
won’t be in business for long.  0 | safety  How would the market
“regulate” safety and quality?  One would have private
certification boards which would rate product safety — such as
Consumer Reports does today. The difference is that the consumer
would be free to disregard this information — if they thought it
was inaccurate, or did not apply to their situation.
Furthermore, such boards would not be subject to political pull
and lobbying that goes on in today’s government system. Lastly,
no certification board would be able to use the power of the
police to force their opinions down anyone’s throat — the board
would have to earn the citizen’s respect by providing
consistently good decisions over a number of years.  Consumers
could then use this information to make their own judgment
regarding product safety — as opposed to