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by hackinthebochs
4589 days ago
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Massive information asymmetry means it is highly likely that people will be taken advantage of. The FDA balances the information asymmetry of the public and a product by defining a process that allows companies to make certain claims. |
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If the government really cared about consumers, it would go after homeopathy dealers, religious leaders and other charlatans. Never gonna happen. Why do you think that is? Why homeopathy existed for such a long time and never had any problems with authorities, but a startup that actually provides some value to people, suddenly is a threat that needs to be shut down?