Im not trying to teach anyone, everyone is free to think as they wish. I nutshelled thousands of pages of economic theory into a forum comment. I left out a couple things, to say the least. Adam Smith spoke of an invisible hand in the market. hes referring to the natural checks and balances in a FREE MARKET [minus regulation]. One user above gave me the finger??? WTF? I intend to insult no one.
Ultimately the CONSUMER too has a responsibility to know what they are purchasing, This very forum, this very topic, this very conversation is an example of Human Action, Reasonable intellect, people wanting to know what they're buying. wanting to know effectiveness. there are thousand of independent groups that test, approve, and apply their seal to products and services in the market. snake oils are no different. my original comment was provoked by another member wishing worshipful government would regulate. Government has nothing except what it steal, taxation. Also regulation was first realized in the beggining of the progressive era [1880-1920] By the leaders of Big Business NOT the reformers. These big business leaders USED GOV. to regulate their Competition [crushing it] ensuring their monopoly, so they could raise prices and control scarcity. In addition, these actions Diminished Private Property Law, making them unresponsible for dumping toxins, or polluting my yard. Just prior to this Courts upheld private property, and I a single citizen, could get a court Injunction forcing polluter to STOP, and also be rewarded fines paid to me by polluter. After the1880's [progressive era] Big Business polluters could pollute anywhere within a range they defined, in addition to now being able to charge what ever they want, and handicap any moral businessman from competing as he can not compete unless he too joins into such activity. These are Moral Hazards. One can not imagine, wishful thinking of what would be best [desire for regulation] We must look at the moral hazards and allow the free market to function.
AGAIN Consumers have a responsibility in the market to, anyone has the right to sell snake oil if said consumer is blind to effectiveness.
NOW TO THE MYCO ISSUE. this very conversation is an example of Adam Smiths invisible hand. as time goes by people in the know with experience weed out the snake oils via, this forum and other formats. NO ONE forced anyone to buy MYCOS. It was voluntary. all Exchanges are Voluntary to both parties. All established companies operating in a free market are dependant on customer satisfaction, the moment their customers start to Question, and lose confidence, they lose the market share and they FAIL.
Ill stop here. I doubt I deserve any flak from the good people in this forum, Im not scolding anyone, Just be aware ASKING/EXPECTING anything from Government is in form Socialistic and/or Fascist. NOT American Freedom. the Free Market is ultimate Democracy. the consumer voting with Dollars.