I don’t know that the lack of information should lead you to assume that the Mexico lawsuits are justified. From what I’ve read, they’re contesting (among other things) the mandated black octagon on the front of packaging that says “exceso calorías” or “exceso azucáres” (excessive calories and sugar) and also bans on advertising to children. The cases that have already been decided have overwhelmingly been in favor of the government.
I realize “just” is very subjective, but I think that mandatory “excessive sugar” markers is a proportional response to the obesity and diabetes epidemic. Ultimately society has to bear the externalities of this stuff. And I think advertising any products to kids is a bit of a moral hazard.
I have nothing of substance to add, but that term moral hazard is not being used as intended. it's a term used to describe when you spend someone else's money it actually doesnt have to do with morals.
That is only within the context of economics. Outside of that it is fine to use the common literal meaning. Professions don't get to dictate that their jargon is used by the rest of us, even if they coin the phrase.
I don't think that's the case; "moral hazard" doesn't have a conventional colloquial meaning. If you use the term outside it's technical meaning you're just going to confuse people.
Thanks, I’ll make sure to use the phrase correctly in the future
Thanks for explaining what the lawsuits were about. I'm not sure how I feel about the actual case or even how effective I think black octagons will be. Apparently they were first done in Chile and had little to no long term effect [1]
My assumption that the suits were just was because the article obviously wants you to come away with a very specific conclusion, for example there is a sibling comment that seems to think these cases are about US companies. When reading clearly biased but polished, sources my default is to assume any facts they prominently leave out they did so on purpose.
[1] https://archive.is/UPdWg#selection-1493.0-1498.0
If they didn't sue they wouldn't be doing their jobs. Coca Cola for example has had 39grams of sugar per 12ounces since the 50s. Now almost 80 years later it's suddenly excessive?
They used to be advertising for cigarettes, cocaine used to be sold as medicine for headaches, etc. things change and there are things that are not healthy for a society that the society itself decided