the weirdness of people buying tons of vitamins and other health supplements to take back to China is something I still can’t get over; talk about market failure!
godeepforme said: you mean state interference?
both state interference and a lack of state interference (states create markets!)
for example without enforcement of various consumer protection laws, IP laws (trademarks), and product safety regulations, you end up with a market for lemons where premium products cannot easily gain consumer trust, and people would rather fly to another country and raid the supermarkets there.