2.0 Economic Liberty
A free and competitive market allocates resources in the most efficient manner. Each person has the right to offer goods and services to others on the free market. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society.
Ok, sounds to me like the FDA obivously doesnt fit in here, as the FDA controls what you can put on the market based on safety and efficacy...so libertarians are against the FDA am I right?
Not necessarily. Many people, Libertarians included, make the erroneous presumption that there is no place for governmental intervention of this form or type. Unfortunately, the FDA does not do quite what many people assume it does -- assure that a given product is effective, which is not really the case.
The FDA assures at the least, when it gives its "approval", that the product will not harm you, or has not (yet) been found to harm you. I will give you cold laser therapy as an example of a product that has at best anecdotal evidence of efficacy, yet, as far as science is concerned, is a hoax. Yet, it is FDA approved. Herbal supplements are another product that is often
not FDA approved.
With me so far?
The divide in the "dogma", between many Libs as far as I see it, comes with the role of a given government agency or bureaucracy, not just the question of its existence. The FDA can have a role, but it should be better understood at the very least, wouldn't you agree?
The paradigm allows for the people, and this is key, to first agree on such an agency, then decide how it shall be run. At least, that's
my take on it. Because, as we all know, there is indeed a place for government, it's just that there have to be limits.