> I find that a law specifying in exact numbers what a product should contain in order to qualify for a label to be a very good law.
Good in theory. But it's also likely to slow down innovation or even kill it in its tracks. Maybe a producer wants to mix up the ingredients because they're making a substandard product. But maybe they discovered a way to deliver higher quality or lower price with an iteration on the original. In the long run, consumers will mostly discover the shitty products and stop buying them anyway.
For example if such a law was in place for desktop computers, it almost assuredly would have required x86-compatible CPUs. It's highly unlikely that Apple would made the investment to produce the incredible gains in the M1, if it was forced to market the MacBook Air as "not legally a laptop"
Good in theory. But it's also likely to slow down innovation or even kill it in its tracks. Maybe a producer wants to mix up the ingredients because they're making a substandard product. But maybe they discovered a way to deliver higher quality or lower price with an iteration on the original. In the long run, consumers will mostly discover the shitty products and stop buying them anyway.
For example if such a law was in place for desktop computers, it almost assuredly would have required x86-compatible CPUs. It's highly unlikely that Apple would made the investment to produce the incredible gains in the M1, if it was forced to market the MacBook Air as "not legally a laptop"