No. of Recommendations: 2
His belief that the market would make consumer regulations unnecessary befuddles me. He seems to believe that a company that manufactures a product, knowing it's harmful, will go out of business if the product harms people...and that a person who is harmed by the product can seek redress through the justice system.
Form a corporation that distributes the product and complies with the laws, and money is funneled out of the corp to another corp in the virgin islands. You have other corps with charges (freight, legal, import, product research) that drain any profit and the money goes to corps in the Caiman Islands. When everything collapses, it looks like there's no money, you can get a judgement but not collect.
He's right, the company that made the product went out of business, but the person who is harmed likely gets no redress.
