@enigmatico @arcana Like if a kosher agency goes rogue everyone just loses faith in their label and can go to an alternative labeling agency if desired. Which they do.

In a power monopoly sense, we cannot just ignore the FDA if it erroneously decides to ban an effective treatment.

The government also doesn't ever pay the cost of being wrong, and the board in charge of making decisions becomes ripe for conflicts.

This can happen in metaregulation too but the market can react to a poisoned metaregulator more rapidly