TITLE

Nader v. Consumers

PUB. DATE
July 1975
SOURCE
National Review;7/18/1975, Vol. 27 Issue 27, p758
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses issues concerning consumer fraud in the U.S. in reference to an article published in the New York Times in which article author Ralph Nader that exposed consumer fraud, in the U.S. which was being perpetuated by business proponents and others engaged in vested-interest advocacy. Regulators tend to favor established firms because such firms are the most convenient source of information, and because regulators are judged by how well they protect the profits of the regulated industry. A report reveals that the regulation of the cartel-enforcing sort adds some $45 to $60 billion per year to the prices consumers pay, environmental regulation adds another $50 to $60 billion, moreover, health and safety regulation adds more than $10 billion. That adds up to about $2,000 per family each year.
ACCESSION #
6045961

 

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