Source: Brownstone Institute
by Jeffrey A Tucker
“Institutions like Underwriters Laboratory and the Better Business Bureau are titans in these sectors with no assistance from government. User ratings emerging in the digital era have a vast impact on sales success, as any Amazon seller can tell you. And in industries like sports, household construction, and driving skill, private insurers exercise a dominant influence through financial carrots and sticks, as directed by actuaries assessing risks. The very existence of the FDA has crowded out such elaborate and complex systems in the case of food and drugs, which is precisely why their safety and efficacy is the subject of such huge public controversy.” (04/12/26)
https://brownstone.org/articles/what-if-the-fda-were-eliminated/