Originally Posted by
Sense-A
This is why we have the EPA, the FDA, health department, business licensing, OSHA, and all the many other USA federal and statge government regulatory agencies.
The thing is, the free market possesses the power to punish immoral businesses. For example, pretend I am an environmentalist. So I am mad at BP for the gulf oil spill. I can simply protest and punish BP by no longer purchasing their gasoline or oil products with my hard earned money. This is the beauty of free market capitalism. My money talks. If I don't like a company's product or service, i punish them by going to a competitor instead. Our freedom of press allows us to compile consumer reports and rate our satisfaction with companies in our free market. I can read about other consumers' pleasant or unpleasant experiences with a particular company. So in this respect, many argue that the free market does a fair job of regulating itself.
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