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by perihelions 964 days ago
Or the carbon monoxide thing in the US (artificial colorant for supermarket meat):

https://advocacy.consumerreports.org/wp-content/uploads/2013... (pdf)

https://news.ycombinator.com/item?id=23958645

The common thread is that consumers buy whatever they think "looks fresh", so vendors optimize for that metric. (It's the wrong metric). Efficient markets, I suppose.

1 comments

>Efficient markets, I suppose. //

Isn't the Capitalist notion of efficiency bound with perfect information - we'd have to legislate to make sure that consumers know the product is 'laced with poison for the appearance of freshness; packaging contains carbon monoxide (CO) a deadly gas' and then see if the customers buy more of that product.

You're accusing consumers of optimising towards products _looking_ fresh, but the market isn't providing the information needed to also move away from 'purposefully laced with poison'.

I have an idea for a sort of reverse-trademark, an Origin Mark that allows a consumer to view all the inputs into a product and their geographic and legal origins. Then you can see 'this meat maker buys carbon monoxide', at least.

No comment on economic theory, but on the carbon monoxide thing, the issue here isn't its toxicity, but that vendors use it to mask the color appearance of non-fresh, unhygienic meat. Naive visual assessment is wrong.
I thought meat was more tasty/tender when it's "aged" for a while anyways.
It has to be aged correctly to be safe.
The point is that perfect information isn't real. Perfect information is the spherical cow in a vacuum of economics.

The incentives are such that vendors that lie and cheat do better than the ones that don't.