this post was submitted on 16 Jul 2025
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Yes, that is how the free market works. If people don't notice or are entirely focused on price, then they'll accept the lower-quality product. There will be a place in the market for luxury goods, but cheap alternatives need to exist as well for the price-conscious.
I think one important point is that we have nutrition labels mandated by regulation so that consumers can see how much sawdust is in the rice crispie they're buying.
The logical extreme would be no regulation at all and expecting consumers to scientifically test every rice crispie they buy to determine the amount of calories in it.
See, that's why the current admin wants to abolish the FDA. The food manufacturers consider that accurate labeling law onerous, and want it gone. Caveat emptor, etc.