Jacqueline Novogratz Quotes
Sproxil will help combat the multi-billion dollar counterfeit drug market, empower customers, and give them the resources to make informed pharmaceutical purchasing decisions.
Novogratz, Jacqueline. "Acumen Fund Invests in Sproxil." Acumen, 2011.
This is one of the earliest examples of regulation for consumer protection. Later, the Magna Carta would incorporate the concept of standard weights and measures.
Regulation had been adopted to make sure that certain products were made to standards and appropriate quality. A small fee was taken by the regulator to attest to the quality and place a seal on it. However, the system degenerated into a system where one had to pay the fee and everything passed inspection without regard for quality. Child was one of the first observers of the criticality of implementation of regulatory schemes and the danger that a regulatory system was vulnerable to corruption.
The Grammar Curmudgeon
Those greedy airplane, bus, and train operators who do not follow all the safety rules and make the investments in safety undercut the prices of the responsible operators that do. Therefore she placed great emphasis on getting the bad ones out of business. However Congress would only grant limited powers and limited budget for inspection and regulation to the Federal agencies responsible.
One of the major problems with marijuana was that since it was illegal, the supply was not regulate. One result was that there was no labeling and the consumer had no idea of the strength of the active ingredient (THC) and could not monitor his/her dosage. At the time of this quotation, the state of Colorado had just legalized the selling of marijuana but required that all marijuana sold carry labels which inform the consumer just how much THC he/she would be taking.
Jacqueline Novogratz (born 1961) is an American entrepreneur and author. She is the founder and CEO of Acumen, a non-profit global venture capital fund whose goal is to use entrepreneurial approaches to address global poverty.