The same result applies to software security.

If only we had a government, things like this couldn't possibly happen.

Oh, wait...

So yeah, I'd say the free markets are working.

I don't have an opinion on free vs. regulated, but I wouldn't agree that free markets are working the way you claim.

There are a few influential thinkers who talked about this in the past, Jonathan swift is worth looking into.

fun quotes:

But when federal limits are breached, and officials believe that a recall is necessary, their only option is to ask the producer to remove the product voluntarily. Even then, officials may only request a recall when they have proof that the meat is already making customers sick. As evidence, the F.S.I.S. typically must find a genetic match between the salmonella in a victim’s body and the salmonella in a package of meat that is still in the victim’s possession, with its label still attached.

In the United States food is regulated by the Department of Agriculture. Its FDA regulates food and drug safety. The rest of it works with farmers to increase production and ensure food is produced in volume at the lowest cost.

I think you can see the problem here :-(

We have the same problem at the Department of the Interior which regulates open space and its use and takes care of maximizing the land's economic value (i.e. grants mining and other extractive uses like grazing on public lands).

At least the interior department got free drugs and sex from oil company employees while as far as I can tell the ag department doesn't get that kind of "in kind" industry encouragement: http://www.nytimes.com/2008/09/11/washington/11royalty.html

PS: Interior is also responsible with relations with the various tribes, which hasn't worked out too well for them either.

From a NY Times editorial on their poor response to a recent issue with supplements:

Much of the responsibility for the F.D.A.’s sluggish response must fall on Dr. Daniel Fabricant, who left a senior position at the Natural Products Association, a trade group for supplement makers and sellers, to head the F.D.A.’s division of dietary supplement programs in early 2011 and who jumped back to the trade association as its chief executive in the spring of 2014. He has been succeeded at the F.D.A. by several acting directors; the current one is Cara Welch, from the same trade group. Both dragged their feet on BMPEA. [1]

[1] http://www.nytimes.com/2015/04/13/opinion/conflicts-of-inter...

I think USA needs to invade itself and bring some democracy along.