Again and again and again, it is evident that government regulation is designed by corporations to destroy competition. My many well-intentioned socialist friends would do well to study these myriad examples and stop advocating additional laws as a means of restraining corporate power. Instead, look to create additional freedoms. Legalize competition.
‘Extra labeling only confuses the consumer,’ biotech spokesman says
That the Food and Drug Administration is opposed to labeling foods that are genetically modified is no surprise anymore, but a report in the Washington Post indicates the FDA won’t even allow food producers to label their foods as being free of genetic modification.
In reporting that the FDA will likely not require the labeling of genetically modified salmon if it approves the food product for consumption, the Post’s Lyndsey Layton notes that the federal agency “won’t let conventional food makers trumpet the fact that their products don’t contain genetically modified ingredients.”
(Read more from rawstory.com)
“the ‘substitution of political for economic power’ now so often demanded means necessarily the substitution of power from which there is no escape for a power which is always limited.” ~ F.A. Hayek, The Road to Serfdom