Free to Choose Chapter 7: Who Protects the Consumer - The Market Solution
In Part 1, we saw how regulatory agencies – the ICC, the FDA – were created to protect consumers and ended up protecting the industries they were supposed to regulate. But the Friedmans are not done. What about product safety? What about the environment? What about energy? And if government regulation keeps failing, what is the alternative? Part 2 answers these questions – and the answer is not what you might expect.