One would have private certification boards which would rate product safety — such as Consumer Reports does today. The difference is that the consumer would be free to disregard this information — if they thought it was inaccurate, or did not apply to their situation. Furthermore, such boards would not be subject to political pull and lobbying that goes on in today’s government system. Lastly, no certification board would be able to use the power of the police to force their opinions down anyone’s throat — the board would have to earn the citizen’s respect by providing consistently good decisions over a number of years.
Consumers could then use this information to make their own judgment regarding product safety — as opposed to some bureaucrat charging consumers thousands of dollars to decide for them.
This is not the case in the U.S. where the FDA bans drugs used in other countries that could save millions of lives.