Comment by simonh

My wife is Chinese and we go there quite often. Regulation of consumer goods and services is very light and easily circumvented, and as a result the consumer market is a cesspit of shoddy, dangerous products and deceptive practices. Its so bad one of the most prized gifts you can take there is baby formula powder, because the local versions have frequently been found to be cut with dangerous chemicals. I’ve seen and have family with experience of a deregulated market and it’s not at all pretty. Individual consumers just don’t have the resources to deal equally with big companies that have no reason to care about consumer interests, without the ability to exercise their collective power - which is what a representative government is.