Furthermore, they would practically be begging for a gigantic tort judgment against them. It is curious that the author does not mention tort law, which has a much greater effectiveness in regulating commercial behavior than codified regulations enforced by bureaucrats.
Tort laws mean that the decision about what products are dangerous enough to warrant getting effectively banned aren’t made by scientific literate experts but by laypeople in the jury.
Uncertainty about what is and isn’t allowed is also bad for business.
Tort laws mean that the decision about what products are dangerous enough to warrant getting effectively banned aren’t made by scientific literate experts but by laypeople in the jury.
Uncertainty about what is and isn’t allowed is also bad for business.