Smith addresses Calorie Control Council on consumer activism.
1) One views the market as not addressing consumer welfare--government intervention is the key--even when it restricts consumer choice. Companies are viewed as motivated by profit and not by protecting consumers. Some view companies as exploiting consumers.
2) Another views the market as improving consumer welfare by increasing consumer choice and competition, which leads to lower prices and advances in technology to improve health and safety.
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|Article Type:||Brief Article|
|Date:||Sep 22, 2004|
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