With regard to limiting choice (and according to some, limiting their "freedoms"), that is what the government is for, that's what regulations are for.
If the market were left to its own forces, there would be no safety regulations in the workplace. ( why should they? ). The cost would not take into account social costs, only costs to the individual. Who would build roads? make sure that the drug companies sell safe drugs?
Why can't the drug company sell drugs that have not been certified to be safe? The manufacturers will NOT make that move on their own.
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