How does your argument handle the issue that it's not possible to ask every single person in the country to understand how cancer drug safety works, how food safety for poultry works, what makes a restaurant kitchen safe, and how to properly construct a building that won't fall on your head? All those in addition to the hundreds of thousands of other things I'd have to deeply understand in order to keep myself safe?
It is not possible or reasonable to expect people to have enough information on all of these topics in their heads at every moment they might make a decision.
Not only that, the people who want to open a restaurant in an unsafe building or sell you tainted meat have a clear incentive to hide that information from you and from everyone else.
In this world, how could anybody make a good decision on the thousands of things we buy or use during daily life? Even with perfect information, which is strongly disincentivized?
Regulations solve this issue by hiring the government to figure out and enforce the best way to prevent these issues so that every time we go out to dinner we don't have to ask the waiter "Which of these walls is load-bearing?".
Reputation and expert advice cover this. Check Yelp to see if anyone got crushed to death before you dine and you should be fine. Snark aside, there’s a lot more transparency now than when these laws were designed. A lot more competition too. The market will weed out truly bad actors.
It is not possible or reasonable to expect people to have enough information on all of these topics in their heads at every moment they might make a decision.
Not only that, the people who want to open a restaurant in an unsafe building or sell you tainted meat have a clear incentive to hide that information from you and from everyone else.
In this world, how could anybody make a good decision on the thousands of things we buy or use during daily life? Even with perfect information, which is strongly disincentivized?
Regulations solve this issue by hiring the government to figure out and enforce the best way to prevent these issues so that every time we go out to dinner we don't have to ask the waiter "Which of these walls is load-bearing?".