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by hiddencost
238 days ago
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Uh, it used to be until it was gutted in the last 30 years. Legislation and bureaucracy has been one of the most successful interventions for public health for centuries. Read about the hole in the ozone layer. Banning lead paint. Read about the invention of public water authorities. Read Silent Spring and read about its aftermath. Look into the history of air pollution and the EPA. These are some of the crown jewels of human history. |
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If the FDA never got established, would firms emerge that put their seals of approval on medicine and become trusted? We will never know. It's pointless to point out what happened before the FDA and after because these are not random samples, the FDA didn't get randomly created. The demand for the FDA if denied would have transformed into the demand for something else.
We will also never know the progress in medicine we lost due to the red tape. There would of certainly been scandals and deaths, but if we got a cancer cure as a result would it not have been worth it?
I suspect that if regulation was not a feature of government we would of solved it in other ways, such as the ability to pierce the corporate veil both civilly and criminally for gross negligence etc. And third parties whose only product is trust - these parties would have infinitely more incentive to preserve that trust than governments.