The private market can and always will regulate better then the govt. Do you think there was always regulations for building bridges, houses, etc. No the market dictated the quality.
I don’t understand what you mean. How has the market ever dictated quality in building construction? Before San Francisco burned to the ground, were the houses built so that the whole city wouldn’t be immolated if a fire started? Even if one or two were safe, it didn’t matter when the whole city was burning to the ground. It took gov’t regulation to insist that buildings be built to code so the catastrophe would not be repeated time and gain.
Do you really think that consumers are smart enough to tell a safe bridge from an unsafe bridge, a safe road from an unsafe road, or a safe rail track from an unsafe rail track? They should just do “due diligence” before driving over the Coronado bridge– check out the pilons, see if the paint is fresh– and then decide whether or not to take drive out on the bridge.
I hope that you checked the wiring in your house before you bought it. Is everything grounded properly? Does the electrical insulation meet the necesary temperature tolerances? How about those breakers– consumers should figure out on their own when a line is overloaded!!! That silly, ineffective gov’t regulation– always insisting that the electrical wiring be be up to code.
Do you really think that private action is more effective than gov’t regulation in every case?
