05-18-2013, 02:36 AM
Yes, I agree there. Complexity is ever more rising, which produces products and services whose quality is ever more difficult to assess for consumers. There are a few non-market solutions:
- Company reputation
- More transparency (internet providing data, crowd sourced reviews, etc.)
But as this thread shows, these are insufficient in many cases. I think insulating the regulation process from influence by interested parties would go some way of remedying, but nothing is perfect and there will always be snake-oil salesmen slipping through the net.
- Company reputation
- More transparency (internet providing data, crowd sourced reviews, etc.)
But as this thread shows, these are insufficient in many cases. I think insulating the regulation process from influence by interested parties would go some way of remedying, but nothing is perfect and there will always be snake-oil salesmen slipping through the net.