Deregulation

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Self regulation equals no regulation. Unfettered, free-market capitalism means boom and bust,
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The Chinese economy has been growing very fast and has basically been operating as laissez-faire, or a simulation of the wild west. Laiseez-faire is a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. This is what big business and the Republicans in America have been striving for.
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I saw this in today's news. This is what happens when the government abdicates its responsibility to protect the consumer from abuse and fraud.
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* Melamine found in ordinary milk in China

The chemical which has contaminated baby formula in China has now been found in ordinary milk. Milk contaminated with melamine has been discovered at three of the country's largest milk producers. Two others were screened but were cleared of contamination. Together the five producers cater for almost three quarters of China's market.

Earlier today, it was announced that a fourth baby had died in the melamine scandal. More than 6,000 infants have fallen ill after drinking contaminated formula milk. Another 12 people were arrested today in connection with the scandal, bringing the total number of suspects to 18.

It was revealed last week that 22 Chinese brands of formula were contaminated with melamine, a chemical substance used in the fertilizer industry. The government has announced it will broaden an ongoing search for traces of melamine in all milk products to include animal feed.
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