> Theoretically the reputation cost would discourage for-profit organizations from releasing unsafe (...)
I wonder whether food companies (like the meat packing industry in Chicago) said the same thing before the FDA was created in 1906; i.e. that reputation will just regulate the industry to not sell mislabeled products, or spoiled or adulaterated food.
I wonder whether food companies (like the meat packing industry in Chicago) said the same thing before the FDA was created in 1906; i.e. that reputation will just regulate the industry to not sell mislabeled products, or spoiled or adulaterated food.