[simoncion]

> ...who then are incented to create demand for the "vice" while simultaneously concealing what they know (or come to learn) about the vice's side effects.

Indeed. Organized Crime is [0] known for being entirely up-front about the side-effects of the things they break the law to sell, as well as being extraordinarily circumspect about both whom they take on as customers and how their products and business practices affect the long-term well-being of those customers.

Anyway. I agree that dealing in the public eye and ensuring a merchant's customers can air their grievances in the courts absolutely isn't a magic cure-all. I think we both know that for "vices", it's nearly always better than the black market.

[0] ...not...