The alternative without the FDA is many many times more scary and only those who have no idea what it looks like would advocate for it.
I don't see how the presence of the FDA alleviates any of the problems you just listed off. But, again, I plain don't trust them. If $MEGACORP wants an FDA rubber-stamp on something, I'm sure they have enough money to buy it.
As an employee of a $MEGACORP that just spent two+ years on a Corrective Action to satisfy an FDA finding, I'd be ROFLMAO'ing all over the place if dealing with it hadn't been so aggravating on a daily basis.
Seriously, where do you people come up with this shit?
I don't see how the presence of the FDA alleviates any of the problems you just listed off. But, again, I plain don't trust them. If $MEGACORP wants an FDA rubber-stamp on something, I'm sure they have enough money to buy it.