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Originally posted by Mmmm, Burger (C.J.)
If there's harm to your lungs from smoking, don't you have the proper incentives to address it? Why is that something government should bother with?
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Because there's that whole addiction thing. And because you're talking about an industry which prevented consumers from being properly informed about the health risks -- indeed, misled them for years.
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If there's harm to your appendages from unsae factory equipment, don't you have the proper incentives to address it? Why is that something government should bother with?
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Long experience in the years before the New Deal suggested that there was market failure. Perhaps the problem is that the employment package is a bundle of goods and services, leaving workers poorly situated to re-negotiate their compensation and terms of employment once they realize that the drill presses are prone to remove their left hands, e.g.
