(October 6, 2010 at 1:26 pm)Jaysyn Wrote:You know how the government does regulation? It's like that, only it isn't run by the government but by concerned consumers.(October 6, 2010 at 1:18 pm)Tiberius Wrote: Regulatory services would be private charities that work in the same way the government does.Please do go into a little more detail on this, I'd love to hear it's supposed to work.
Quote:I'm going to go ahead & guess that you've never actually ran or worked at a real world business, have you? And by business, I mean one that actually has to follow OSHA-like safety precautions.Not safety, but I worked for a bank which has very tight regulations. Business has one main aim: to make profit. You make profit by creating an attractive product for the consumer, and spending some of the money you make on improving the company so that more consumers will respect you and choose you over your competitors.
Companies that refuse to do safety checks do not look good, and if the lack of safety checks ends in disaster, the entire company will end up in trouble. Just look at what happened recently with BP. The company is being sued, fined, and has lost any respect it had by continually lying. I wouldn't be surprised if they don't ever recover from this. What any good businessman in a rival company to BP would do, is to make sure that all their safety checks are done properly, and then advertise that fact loudly and proudly, gaining a lot of their competition's market at the same time.
This isn't rocket science. The risk of losing everything by not doing safety checks is far outweighed by the positives that safety checks bring. Add the additional pressure of a consumer-oriented society as any Libertarian country would have, and you have a system where no company would survive long enough to make any profit if they didn't have the seal of approval from one of the regulatory charities.
