Pres Bill Clinton Bitch Slaps Chris Wallace on FOX

[strandinthewind]

Originally Posted by irishgrl

it wasnt until the 70's however that anyone even THOUGHT of protecting the buyer....previously all the laws were in favor of the seller and it was a "buyer beware" culture. I tell you, deregulation and erasure of consumer protection in favor of big business just STINKS. Period.

according to the author of a book I just got (at home, dont remember his name) the whole rise of the financial/banking behemoth is a good part responsible for the mess this country is now in (he names a culture of debt, the marriage of religion and politics, and a dependance on oil and the resultant geopolitical maneuvering as the three biggest problems facing America today...)

I think its shameful the way the credit card companies have managed to institute such punitive measures against consumers, while at the same time dangling credit offers in front of desperate people like so many carrots....
but I guess thats a discussion for another day.....

Not really - as the advent of products liability was like 70 years earlier. One of the reasons behind products liability was to force manufacturers to spend that extra 50 cents on stronger headlamps, etc. But, yes, the 70's were a boon as well. I also think the UCC helped greatly as well.

[irishgrl]

Originally Posted by strandinthewind

Not really - as the advent of products liability was like 70 years earlier. One of the reasons behind products liability was to force manufacturers to spend that extra 50 cents on stronger headlamps, etc. But, yes, the 70's were a boon as well. I also think the UCC helped greatly as well.

I beg to differ, the whole concept of consumer protection was a 70's issue. Consumer Protection as an entity is a 70's child (in the main)
to wit:

History of Trading Standards
History of Trading Standards - Consumer Protection
From the 1960s onwards, legislation was passed concerning consumer safety and consumer protection. This legislation includes the Trade Descriptions Act 1968 which prohibits false descriptions about goods and services; the Consumer Credit Act 1974 which regulates the provision of credit, and the Consumer Protection Act 1987 which covers the safety of consumer goods and also dealt with misleading prices.