I agree that people can’t learn everything about every market. But what people care to learn about and pay attention to counts for something.
Imagine your friends are trying to decide on a place to eat. You suggest a very healthy restaurant where all the food is listed with ingredients and their source farms. But then someone says, “Eh, I wanna save money. Let’s do Taco Bell.” You explain that that’s an objectively worse decision. That food health is really important. That in the long run, eating unhealthy actually costs more in medical bills. But they decided to go to Taco Bell.
Putting your foot down and demanding the healthy option might objectively be the “right” choice. But in reality, they’ll just get Taco Bell on their own time and resent you for taking their choice away. People have to be presented with the information and decide for themselves or they’ll just resent the institution enforcing the choice.
The thing is, nobody can be educated on everything. It’s impossible.
Nobody can know every part of a supply chain, how every aspect of everything they buy is made or how it works or the ramifications of all of that.
It is impossible for a person to do this stuff.
This is why regulations need to be part of the equation.
I agree that people can’t learn everything about every market. But what people care to learn about and pay attention to counts for something.
Imagine your friends are trying to decide on a place to eat. You suggest a very healthy restaurant where all the food is listed with ingredients and their source farms. But then someone says, “Eh, I wanna save money. Let’s do Taco Bell.” You explain that that’s an objectively worse decision. That food health is really important. That in the long run, eating unhealthy actually costs more in medical bills. But they decided to go to Taco Bell.
Putting your foot down and demanding the healthy option might objectively be the “right” choice. But in reality, they’ll just get Taco Bell on their own time and resent you for taking their choice away. People have to be presented with the information and decide for themselves or they’ll just resent the institution enforcing the choice.
But people’s choice won’t be taken away. Honda will still exist even if they have to abide by stricter privacy laws.