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RE: The Paradigm Shift
And without fighting what parts to reduce. Lets say that regulations that protect you from food poisonings by expecting restaurants to follow certain hygiene rules or regulations that simply create monopolies which should be get rid off.
I'm not so sure that regulation is what protects me from food poisoning? If a restaurant is causing food poisoning then the free market will sort it out, especially in the tech age we are in of connectivity and social media.
That works too.. Only sad thing in that is that shit is probably already in customers pants.. but that customer can always write an angry review.
That is true, but even with all the regulations that we currently have there are still cases of bad food making its way into customers stomachs. People still think government is there to protect us, the truth is more so that the government wants to protect the income they receive from us. I don't believe any more people would suffer from food poisoning if government shrunk by 90%, maybe 500 years ago, but not today.
You have point there
Reputation systems will do better than regulation