> To a Dorito buyer, the requirement is that it tastes good without immediately killing them.
To the FDA, the requirement is that it's safe for human consumption, has a serving that is normal for a healthy adult, and does not lie about its contents.
See, YOUR requirements and what the government is able to give you are different.
Yes, buyer's DO care about this stuff. Maybe you've never read a nutritional label in your entire life, I don't know. But I know I care. And everyone I know cares.
>you can try multiple different products at low cost and with ~no physical danger.
Multiple obvious problems here.
First, trying multiple products costs money and time. Again, people have jobs, families, what have you. Consumers don't have the will for this.
Second, the "no physical harm" part is BECAUSE of regulations.
Did we all just collectively forget why these regulations were instituted and why we are now a high-trust society?
Companies used to just lie, and people used to drop like flies. We stopped that.
In my opinion, people's understanding of a free market is not only not in line with reality, but it also hasn't been in over 100 years. Moreover, nobody actually wants a free market. They just think they do, until they consider it more and realize it would actually be pretty terrible.
Point being - NO, companies shouldn't be allowed to lie.
To the FDA, the requirement is that it's safe for human consumption, has a serving that is normal for a healthy adult, and does not lie about its contents.
See, YOUR requirements and what the government is able to give you are different.
Yes, buyer's DO care about this stuff. Maybe you've never read a nutritional label in your entire life, I don't know. But I know I care. And everyone I know cares.
>you can try multiple different products at low cost and with ~no physical danger.
Multiple obvious problems here.
First, trying multiple products costs money and time. Again, people have jobs, families, what have you. Consumers don't have the will for this.
Second, the "no physical harm" part is BECAUSE of regulations.
Did we all just collectively forget why these regulations were instituted and why we are now a high-trust society?
Companies used to just lie, and people used to drop like flies. We stopped that.
In my opinion, people's understanding of a free market is not only not in line with reality, but it also hasn't been in over 100 years. Moreover, nobody actually wants a free market. They just think they do, until they consider it more and realize it would actually be pretty terrible.
Point being - NO, companies shouldn't be allowed to lie.