Comment Re:Regulation is the enemy of free markets. (Score 2) 54
And example of a free market gone haywire due to lax or no regulation was the housing market.
Which regulations were lax or missing? From what I saw it was a pretty heavily regulated market even on the banking side.
And without the FDA, you'd feel perfectly safe getting your prescriptions from Joe's Medical Stuff and Bait Store, right?
No I wouldn't. Who said they would be? This is a straw man argument. And possibly a false dichotomy.
Or maybe you wish to turn safety entirely over to the airlines so that an acceptable level of crashes that can be insured against would work for you. Your car company would never think to cut corners and get you killed dead because they could save on not installing proper safety equipment in their vehicles.
I don't think the parent suggested that torts and other forms of liability should be abolished.
And so on. There are multiple ways that problems like these can and have been resolved, and centralized federal regulation isn't the only choice.