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Basically, we need to be able to sue manufacturers for selling poison without disclosing it and doctors or pharmacists for recommending products without fully disclosing the harms. At present, at least in the US, they can all hide behind FDA approval.
Consumer sovereignty just means that people have to bear responsibility for what they're buying. No one makes you buy products with seed oils, for instance, and companies wouldn't use them if consumers stopped buying.
Thanks!
I also asked ChatGPT to give me a potential long answer. Here is the link: https://chatgpt.com/share/6785b34a-b208-8003-bbff-4d2e2767a8d2. I am not sure how accurate it is, but it seems to align with what you just wrote above.
So final question, in your opinion and mindset, what is the best way the enforce the laws?
Consumers and manufacturers agree on a specific private court to go for arbitration in case the manufacturer does not fulfill their promises?
Or a minimalistic form of government for essential functions, to enforce property rights and handle cases of fraud or harm?
Asking these questions was triggered by a question posed here: #849181
Thanks!
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This is so far from where we currently are that I don't pretend to know what it would look like in a free society.
That said, my best guess is that private insurers will assume a large role in society. They would be the institution with the power and incentive to take on these other large economic actors. So, my expectation is that insurers would sue manufacturers for the damages incurred by their clients and that those cases would be resolved through mutually agreed upon arbitrators.
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Got it. Thanks for the answers.
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