Brochure summary:

Delivered at Pfizer Corporation, New York City

Consumer legislation doesn't in the end protect the consumer; rather, it benefits the consumer advocates, including reformers, special interest groups, and regulatory agencies.

What does protect the consumer? Alternative sources of supply at variable prices are the inevitable result of international competition--free trade.

"Let me emphasize: Competition does not protect the consumer because businessmen are more soft hearted than bureaucrats or because they are more altruistic or because they are more generous, but only because it is in the self-interest of the entrepreneur to protect the consumer."