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by logicchains 4022 days ago
>The private company would also price gouge because they would also be a monopoly - only you would not be able to lobby the private company and vote for a different one...

They needn't necessarily be a monopoly; there's nothing stopping multiple certification companies coexisting. Providing certification is not a natural monopoly.

3 comments

Consumers don't know which certification is worth what. If you run a business you're always getting calls from bullshit consumer certification companies trying to extract money from you by playing on your anxiety about which recommendations consumers trust.
Competing with the government who can put the non-accredited businesses in question out of business or fine them a large amount of money is not fair competition for any private company... so that naturally leads to a monopoly as the OP points out.
See my other post.