The real costs of prohibition #GFN26

The panel will discuss the various forms of prohibition, examine the main objections to prohibition, and ask under what circumstances, if any, prohibitions are justified. We consider the likely consequences of prohibition, especially in the counterintuitive case where prohibition applies to products safer than the market norm. What are the merits of two common strategies for addressing the costs and consequences: a stronger enforcement approach or removing the underlying economic incentives? We will conclude with an engaging finale, in which the panel and audience are asked to provide unwanted advice to the Australian government, Michael Bloomberg and the WHO.