> simple fraud which always has and always will be illegal

Wikipedia says homeopathy market was 2.7B in 2007 and I'm too lazy to find new data. AFAIK there has not been issued a single fraud sentence against the manufacturers. That's with a half-functioning FDA that actually made some moves to stop this. Now how bad would it be with no regulation at all? Because, again, there is no doubt that homeopathy has overwhelmingly higher profit margin compared to actual drugs.

I don't want no regulation at all. I want the regulation to stop at ensuring labeling and dosage is correct. Punishment for mislabeling medication should be medieval. If you want to buy snake oil, that's not my problem. What I care about is that the bottle that says snake oil on it actually contains snake oil.