it. The free marketeers will scream, but the fact is, free markets don't provide safety. Only regulation does that. You want safe food, you better have inspectors. You want safe water, you better have an EPA. You want a safe stock market, you better have the SEC. And you want safe airlines, you better regulate them, too. Believe me, they will.
The text emphasizes that a free market alone does not ensure safety for consumers. It argues that without proper regulation and oversight, critical areas such as food, water, and financial markets cannot be guaranteed to be safe. The author asserts that organizations like the EPA and SEC are essential to maintain safety standards across various sectors.
The passage suggests that while proponents of free markets might resist this idea, the reality remains that regulation plays a crucial role in protecting the public. It highlights that industries such as airlines also require oversight to ensure their operations do not compromise safety, indicating that regulatory frameworks are necessary for public assurance.