This isn't a new demon-haunted world, this is the old, demon-haunted world before nineteenth-century progressive politics, back when "milk" that wasn't half chalk still might have a fish in it (see famous Thoreau quote on evidence.) We aren't enforcing the laws we have and our grandfathers and mothers had. (Three guesses why.) Not on monopolies, contracts, patent misuse... nothing. Just this week I and Hearthstone ca…
"on the beat, and Trump vowing to fire more regulators, that's what's changed. " I don't really like to defend trumps sayings, but in this case I don't think there are government regulators needed. The company acted shitty and you took the consequences and quit and avoid this company. That's how market works. No need for regulation here. The "only" problem with this in general today is, that most people do not unders…
Historically, "the consequences" have often included "you die horribly".
Sure, we can all avoid Hooker Chemical Company. (Well no, we can't, because it doesn't sell to consumers and we can't find out who consumer companies are supplied by.) But if we could, it wouldn't have saved anyone living in Love Canal. They got leukemia no matter what the market did afterwards.
I'm not being hyperbolic here. Markets work because they're iterated, voluntary transactions which gradually reveal asymmetric information. If the interaction is not iterated (e.g. fly-by-night companies), markets don't protect you. If the interaction is not voluntary (they poison your air), markets don't protect you. If the first asymmetric exchange is a disaster (you buy tainted produce and die), you never benefit from the gradual reveal of hidden information.
I'm generally a pretty staunch libertarian. But it's simply not true that this problem can be solved with a simple "you chose to buy this"; non-government solutions are vastly more complicated than that.