Not Worth Peanuts

February 18, 2009 at 7:25 pm Leave a comment

In my conversations with people about a certain rogue I argue that the most effective regulation is occuring as we speak, in the form of individuals making adjustments to the way they think and behave; in other words, Self-Regulation.

As argued in today’s Wall Street Journal, that mechanism does not discriminate as to the industries affected. The precipitous fall of The Peanut Corporation are a cautionary tale, but also a helpful one for believers in realistic and effective regulation:

Other proposals would aim to trace food on every step of its journey of growing, sorting, processing, distributing and mixing on the way to grocery stores and pantries. But it’s nuts to think any kind of reasonable inspection regime can make the food supply safer than it already is. Taxpayers can’t afford to hire enough inspectors to guarantee the safety of the entire food chain. Meanwhile, such a regime will raise costs for law-abiding companies and consumers.

The best food-safety enforcement tool is the one now being wielded against PCA and Mr. Parnell in the form of corporate self-destruction. Their fate should be chastening to any company inclined to play fast and loose — and will do more to enforce food safety standards than any army of inspectors.

As always, IRF remains steadfast in its advocacy of quality products.

Entry filed under: Commentary, Fine Food. Tags: , , , .

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