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D wrote:Incorrect. You are ignoring the obvious fact William, that companies have been selling good stuff to people without killing them, without regulation.On Tue, 21 May 2024, James Nicoll wrote:>
In article <44938613-85d8-1f1d-4bd6-88f47993161e@example.net>,Governments have killed more people that private businesses so I think from that angle, we can say for sure that businesses are safer and less likely to kill their customers.
D <nospam@example.net> wrote:On Mon, 20 May 2024, William Hyde wrote:And yet, not only did such things frequently happen in the past, they
D wrote:building
The only regulation that is necessary for two people to transact is whatThis being a science fiction newsgroup, let's consider your decisions when
they agree upon.
you are sent back to London in 1870.
You are hungry, and want some bread.
Which of the following do you expect to find in your bread?
(1) Grain
(2) Yeast
(3) Chalk
(4) Alum
(5) Plaster of Paris.
Do you "agree" with the bakery that you want Alum in your bread? Do you even
know it is there? In what sense is your consumption of Plaster of Paris an
agreed upon transaction if you have no way of knowing it is there?
Full of nourishing wheat with extra chalk, you rent a room in a newwith cheerful bright wallpaper.how much
How much Arsenic is in the room?
(1) Trace amounts
(2) One pound
(3) Two pounds
(4) Three pounds
(5) Four pounds
(6) Five pounds.
At what point did you agree to rent a room infused with 3.7 pounds of
Arsenic? For that matter, did your landlord agree to poison his tenants when
he bought the wallpaper, or did the manufacturer keep silent on justArsenic was needed for those vivid colours?Needless to say, it is not very good business strategy to poison your
William Hyde
customers. I think that is all I will say about this thought experiment.
If you _really_ would like to seriously explore the why and how, I can
recommend excellent books.
happen now. It's almost as though your model does not actually reflect
reality.
You said above:
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" The only regulation that is necessary for two people to transact is what they agree upon."
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And I have shown, using examples from actual history, that this is false. Without regulation companies will sell their customers harmful products, if it increases, or is believed to increase, profits.
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Anything relevant to say about that? Or will you again evade the issue?
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William Hyde
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