Sunday, July 27, 2008

Free to Choose 1980 - Volume 7: Who Protects the Consumer?


 
Topic: Are Consumer Protection Agencies the best way to protect the consumer?

Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests.

   
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