One of the most common objections that libertarians and conservatives make to regulations is that we should "let markets decide" how safe a toy needs to be, or how dangerous a job should be, and so forth. In particular, you sometimes hear this with respect to the treatment of farm animals: if people want farm animals to be treated in a particular way, then the market will demand the efficient kind of animal treatment.* There is some sense to this, especially if you think that attempts to regulate animal welfare are likely to lead to unintended consequences. For example, it is often claimed that the closure of horse slaughterhouses due to regulatory opposition has lead to an increase in the abandonment and mistreatment of old horses.
Read more here >> Forbes Business| Quails
Read more here >> Forbes Business| Quails
