Here are your fundamental weaknesses."1. All consumers are not created equal."
This is a fact that no one and no amount of regulation is going to change. I wouldn't change it if I could because that is called socialism or communism depending on far you push it. Neither option worked out well for nations that tried it.
Here is another fundamental flaw. In a regulated economy the options for the underdog to get ahead are severely limited. In a free market economy everyone has the same opportunity to pursue what ever business they choose.
They will sink or swim on their own merit which is as it should be. If I happen to find myself as the underdog, I would like to have the option of clawing my way up the food chain.". It is not always in the best interest of the business to be transparent to the consumer, therefore the consumer may not be able to make a truly informed choice."
Why should any business have to be transparent to the consumer? I'm not sure what that has to do with a free market economy.
As for making an informed decision, you have got to be kidding me!
In this day and age? If you really believe that a consumer cannot find out about a product or a dealer let me take your hand and lead you to a couple examples:
For products, I selected Canon Cameras (I shoot a Canon EOS-20D) All you have to do is Google "Canon camera ratings."
For dealer ratings check out these web sights: Bizrate
Or just Google the name of the business along with the word "complaints" or "ratings."
The US consumer has never had this kind of access to information and reviews on consumer products and dealers.Edited at 2008-07-22 10:43 pm (UTC)