Competition leads both drug companies and private regulators to be trustworthy. If they are not trustworthy, they die.
John StosselIf individuals can take from a common pot regardless of how much they put in it, each person has an incentive to be a free rider, to do as little as possible and take as much as possible because what one fails to take will be taken by someone else.
John StosselNo transaction happens unless it is voluntary. It only happens if both of you think you win.
John StosselSaying that government is not the way to solve problems is not saying that humanity cannot solve its problems. What I've finally learned is this: Despite the obstacles created by governments, voluntary networks of private individuals - through voluntary exchange - solve all sorts of challenges.
John Stossel