Response to Drews question

As a consumer i feel a sense of safety knowing that their are regulations in place, I have this safe feeling that what I'm buying isn't going to be a rip off (for the most part) or that the products I buy are not going to be detrimental to me. Yes is there always somebody selling a dysfunctional product yes but thats when we as consumers ask questions, because even with regulations you need to know the product your about to buy and see what ratings are out on it.

Do you believe self regulation is more or less effective than governmental regulatory agencies?

To answered asked question about whether self regulation is more or less effective I would have to say more at individual levels we have a better understanding of what needs to be regulated in our markets. We as the individuals have a scope on what needs to be regulated and what doesn't  On the same hand this may lead to some regulations that are unfair to customers, the government regulations are their to protect the consumers of your business  For me though having your own say in how your business is regulated is important but you loss out on the trust with the self regulation.