Wow, i could not disagree with you more on any point even if you specifically tried. The solution is not to have more government oversight, it is our right and duty as consumers in a free market to make decisions on what we buy. Have you heard of a single failure of a HF jack stand IRL? I haven’t, and I know a Lot of people using them. If there was a widespread quality issue, they wouldn’t sell and we’d all be using some other companies jack stands. Its a self correcting issue. Thats how a free market works.
However, you might take comfort in learning that there ARE quality control standards and guidelines in place, as evidenced by the fact that you probably don’t worry if your toothpaste is toxic. That is not the case in China, their sorta free market is unregulated and contaminated toothpaste occurs a surprising number of times. This is not the case in the USA with FDA and Health Dept’s, and OSHA and similar standard creating agencies.
Use your economic power to make a company successful or not, and take responsibility if you choose poorly, and be grateful that you live in a nation where you have that choice.