glutenberg
Golden Member
- Sep 2, 2004
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Originally posted by: Amused
Originally posted by: ElFenix
wtf is trans fat
<--- confused
as for the market correcting itself, the market can only correct itself if people have the information to vote with their pocketbooks. with fast food places that chose to disclose, or to use the announcement of trans fat free as a marketing tool, the market can do so. most places didn't disclose, though. so you've got imperfect information. markets operate horribly with imperfect information.
But there you are wrong. Consumers HAVE been asking for info and more chain restaurants have been supplying it. Chili's is the first one to come to mind.
It was happening. The fact that "trans fat free" had become an effective marketing tool is all the proof you need to see that the market was handling the situation itself. Not only the disclosure, but the elimination of trans fats. To pass regulation was unneeded and absurd.
Unfortunately, dissipation of accurate information is a slow process in the United States in particular to poorer, less developed regions. If any group receives information slower than another then you have an imperfect information cycle, hence the need for regulation. Using trans fat free as a marketing tool may be effective but is it as effective as the original marketing tools that they were using prior to the discovery that trans fats are bad?
