Question

In: Economics

Would we have FDA regulations and other laws today if we did not have capitalism to create harmful environments in the beginning?

Would we have FDA regulations and other laws today if we did not have capitalism to create harmful environments in the beginning?

Solutions

Expert Solution

Abstract

The Food and Drug Administration is responsible for protecting the public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of our nation's food supply, cosmetics, and products that emit radiation.

Yes we have FDA regulations and other laws today instead of capitalism. But it does not have any role to create the harmful environment

FDA also has responsibility for regulating the manufacturing, marketing, and distribution of tobacco products to protect the public health and to reduce tobacco use by minors

However, FDA is responsible for advancing the public health by helping to speed innovations that make medical products more effective, safer, and more affordable and by helping the public get the accurate, science-based information they need to use medical products and foods to maintain and improve their health.

FDA also plays a significant role in the Nation's counterterrorism capability. FDA fulfills this responsibility by ensuring the security of the food supply and by fostering development of medical products to respond to deliberate and naturally emerging public health threats.

In general, FDA regulates:

Foods, including:

  1. dietary supplements
  2. bottled water
  3. food additives
  4. infant formulas
  5. other food products (although the U.S. Department of Agriculture plays a lead role in regulating aspects of some meat, poultry, and egg products)

Drugs, including:

  1. prescription drugs (both brand-name and generic)
  2. non-prescription (over-the-counter) drugs

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