Does unregulated capitalism lead to unsafe products and services?
• In a totally unregulated capitalist system, unqualified persons may enter into businesses like medicine and law without meeting minimum safety standards, or may be subject to a host of conflicting standards, set by self-selected experts, that would be difficult for buyers to decipher. • Likewise, totally unregulated capitalism, without safety standards pertaining to such things as additives in foods, rigorously tested medical products, and so forth may result in serious harm to consumers. • As a result, capitalist systems the world over tend to permit for some level of government intervention in realms of activity where serious harm may result if relevant credentials are not present or are presented to buyers in a deceitful way.
