Here is an excellent quote from a Dr. Gary North article today :
No cartel comes to legislatures with this message:
We want you to pass laws against companies that offer lower-priced goods to buyers. Such offers reduce our profit margins. We want to maximize our net profit by keeping retail prices high. We cannot keep innovative forms out of the market, but you can. We want you to pass laws against the sale of goods unless these firms agree not to sell at prices lower than those set by our organization.
Instead, it comes with this message:
The public is being exposed to low-quality goods that put people in danger. If the legislature stands idly by, allowing inexperienced and unqualified producers to exploit the ignorance of the public, the common man will be exposed to serious risks. The best way to protect the public is to require all products to meet basic standards of quality, and to require all producers to be certified by law. The government should set basic standards and require all producers to meet them.
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