Yeah, and by the time people find out a drug or food product is good or bad, thousands will be dead, anyway.
Why would a company even want to put out a bad drug? It would lose tremendous amounts of money due to lawsuits. Companies would be motivated to check their products thoroughly before selling them.
At first, yes. Wait about 20 years.
P.S. Besides, even with the over-sight, now, companies put out bad drugs. With laxed restirictions, it can only be worse.
And, let's just say that even one bad drug gets out, that would otherwise have been stopped by the FDA. You aren't going to care much about the free market if it is your wife or kids who is one of the 10,000 people who die, because of it.