Wednesday, August 15, 2007

The Hit Parade Continues

Mattel launches another recall.

However, they don't understand economics:
Mattel does not put a price tag on safety...Mattel Southeast Asia Pt Ltd. said in an e-mailed response to questions.

Let us hope for this continuing recall not to spark more protectionist hand-wringing. The market is taking care of this much more quickly and efficiently than regulation ever could.

Personally, can't say I ever look at labels for stuff. Likely because what we import is already mindbogglingly safe. As long as people are willing to pay for safe, this is not a problem. It becomes a problem when people start believing in a right to cheap quality consumer goods.

No comments: