Shouldn’t the Chinese government be praised for freeing pet-food and children’s-toy entrepreneurs from the deadening hand of regulation? How do we know that the buyers of those products weren’t making perfectly sensible decisions to accept somewhat higher risk of poisoning their pets or kids in return for somewhat lower prices?
If they were fooled, what business is that of the state’s? Next time maybe they’ll be more cautious. By refusing to buy again from the U.S. retailers who sold them bad stuff, they’ll put pressure on those retailers to be more careful about what they sell, which will in turn put pressure on wholesalers and importers, which will put pressure on Chinese firms to improve the quality of their products. Or not, as the market dictates. Caveat emptor!
Now of course someone might object that the toxic imports resulted from regulatory corruption rather than a policy decision. But all that demonstrates is that government is, by its nature, corrupt, and that government should be shrunk to the size where it can be poisoned … err, drowned …like a kitten.