Woo woo doin it like a laaad... man.
- Me
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Government regulation in free market or Mixed Economies has been debated
over and over. This is important because it is basically deciding whether or
not true capatalism works anymore. Some people believe the government should
stay out of the market and let the market guide itself.
I am for the regulation of the private sector because without
regulations. Companies could do whatever they wanted. Regulations
ensure quality over quantity which makes the free market safer for
the consumer. The FDA is a perfect example of regulating the private
sector to protect the public(consumer). If Companies were allowed to
put whatever they wanted on the market. What would stop them from
marketing products that have hazourdous materials?
The answer is the FDA or Food and Drug Association.
What does the Fda do?
The Fda ensures safe food products by launching initiaves
that promote the safer food-handling practives by producers and consumers
and to prevent the spread of food-related infection and disease.
The FDa also aims at safer practices in blood banking,
donor screening, and other quality control procedures in
blood donation and blood banking.
The Fda protects the public by regulating everything from food ingredients to
Medical Equipment.
Products like drugs and Medical Equipment have to be proven safe and effective
before being put into the market.
Other products like x-rays have to perform
up to performance standards.
And some products like cosmetics can be marketed
with no priar approval.
The Fda evaluates the benefits versus the risks, they
safeguard nations food supply, regulate medical devices, protects public from
uneccasary exposure to hazardous materials, regulate drugs and devices for animals.
They Monitor cosmetic products.
FDa is evolving its role and getting into the more
complex industries.
The ageny Keeps track of how products are manufactured and encourage
safety and quality of imported goods and It costs just over a penny a day per
person.
