this post was submitted on 27 Oct 2023
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Great concept. This requires regulation to force sellers to put all ingredients on packaging, and to test that those are accurate. Otherwise sellers lie and put chalk in bread.
If the buyers don't trust the seller, or just want to know the information, they can refuse to buy any product without ingredients listed, trusted quality control stamp, date etc. Or they can decide to just blindly trust a seller if they want to. Let me buy my cheap chalk bread if I prefer / don't care.
You can only buy what exists. In the capitalist race to the bottom, good things won't exist at reasonable prices.
You can only sell what people are buying. In a truly free market, good things will exist at the price set by supply and demand, making the prices exactly that: reasonable.
If I'm one supplier noticing you, another supplier, selling too expensive and/or bad quality products, nothing stops me from "stealing" your customers by simply selling better products than you, or lowering my prices, which forces you and other suppliers to reevaluate your price/quality.
But that's not how it works. That completely ignores things like barriers to entry, volume and scale, and the fact that people don't have free and clear information.
When you look at economics the way you're doing, it's like looking at physics 101. In a vacuum with no friction. That is not how the real world works.
Source: I have an MBA and 20 years experience working for a global financial institution. Also, I have eyes and can see how things are.
What does disclosure laws have to do with rules like you can't call it almond MILK and you can't make beer out of wheat?
Because words have common meanings. You can't say "contains milk" and have that be almond. There needs to be definitions of what is what.
I am thinking of several words to describe you and your elitist attitude that gives you the right to dictate to the rest of us what we can and can not do. Would you care to guess a few of them?
You are exactly the kind of people that buy "alkaline water" and then get mad when "alkaline" turns out to mean "causes liver damage" instead of "magic".
No one wants to stop you from poisoning yourself, the rest of us would simply like for "not full of poison" to be a meaningful label on our food.
Oh look a mind-reader. Hey what's my height mind reader?