Paper Summary:

This paper explains that desperation inflicted by the karma of being overweight and the human desire for easy answers leads to plenty of opportunities for abuse on behalf of the weight-loss industry. The author points out that the weight-loss industry has become a major component of the health care market in the United States; however, unlike other areas of health care, there is little governmental control and regulation of this industry. The paper concludes that, despite a number of regulatory efforts, a strong case can be made that the weight-loss industry represents a market failure where governmental intervention is needed. Endnotes.

Table of Contents
Introduction
Nature and Extent of Problem
History of Diet Fraud
Agencies Involved
Traditional Remedies
Regulatory Efforts
Conclusion

From the Paper:

"Diet fraud has a long history in the United States: as soon as fashion industry declared that women should look a certain way, advertisements appeared in magazines proclaiming fast weight loss. A few of the early diet drugs were very dangerous, especially Marmola, Corpulin, and Kellogg's Safe Fat Reducer, which contained thyroid. Thyroid is a drug derived from animal glands that can increase metabolism so high it can burn up vital organs. The weight loss it produced was mostly in lean tissue, and the thyroid extract carried the risks of osteoporosis, increased heart rate, palpitations, sweating, chest pain, and sudden death."

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