OK. So I know you guys heard about the chinese toothpaste and pet food incident, but have you heard they executed the ex-head of the food a drug agency? I guess old habits die hard.
Two important lessons can be learned by all this.
1). Competition will cut down on pollutants better than any agency. If you bought Aim toothpaste and it gave you the shits, then you will probably move onto Crest. You will also tell a friend and they will also start using a different product. That simple.
Now I don't know how many different brands of toothpaste are sold in China, but their record hasn't been too stellar lately when it comes to allowing competiton.
2). Agencies can become corrupted. Who do you trust more, the greedy business man who wants your money and will only get it if he provides a safe and useful product, (if he is smart) or the bureaucrat who gains nothing in profit, is on a fixed salary and whose only motivations for doing a good job is a sense of "the common good" or fear of being executed? (Don't answer that) In other words, KEEP GOVT. OUT OF THE MARKET!
Thanks again to fellow ex-Jarras patron for pointing out this story.
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