Re:$1,944 for a coronavirus test? Readers helped us spot an ...
by minikites on Thursday February 04, 2021 @11:51AM
(#26027111)
The main purpose of capitalism is to shift blame onto the consumer. You didn't want your new lawn mower to maim you? You should have done your research, it's your fault.
Re:$1,944 for a coronavirus test? Readers helped us spot an ...
by adolph on Thursday February 04, 2021 @12:28PM
(#26027582)
Once captured, the regulators coerce the market, through mis-regulation, into one that more effectively captures consumer value for certain producers.
Is the price of specialization and sophistication the movement of decision power away from the source of decision quality information? I find it paradoxical to use regulation as a response to the fact that "it is unreasonable to expect every consumer to be an expert" in that it is likewise unreasonable to expect regulators to be expert in the context and values of each individual consumer.
It is unreasonable to expect every consumer to be an expert in every commerce transaction that takes place in their daily lives.