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Thursday, December 14, 2006

Let the Market Decide; We Don't Need Regulation

Consumer Pressures Push Starbucks Towards rBGH (rBST)-free Dairy

This article ties into my earlier posts on trans fats, both the successful ban in New York City and the potential ban in Louisville, KY. Consumers have pressured Starbucks into moving towards dairy that isn't produced with Bovine Growth Hormone. See, we don't need government regulation of what we can and can't eat. That's what a free-market economy is for; companies won't do that which isn't profitable. What we need regulation on is that companies must provide the information that x, y, and z are in their products and then let the consumer decide if they want to consume those items. If KFC is forced to say they each piece of chicken has 50g of trans fat and consumers continue to eat it, why should the government step in? On the other hand, if a restaurant discloses it's nutrition information and consumers stop eating it, the restaurant will quit serving that item or change the ingredients such that it is profitable again. Consumer uproar pushed McDonald's away from styrofoam many moons ago. And now consumers have asked Starbucks to serve them milk without the growth hormones, which are in the milk and are probably not too healthy for humans either. We don't need more regulation. If the government would just require that the information get into consumer hands, consumers will decide what is best for them.