"What communist shithole is this???"
One that respects the rights of investors to depend on the representations of people selling things. While you may prefer one in which anybody can say anything about whatever they're selling and no mechanism to protect investors from lies and fraud exists, I don't actually think that is the case.
You'd have nothing if you lived somewhere that failed to protect buyers from fraud and theft.
There'd be no law but force. Your only recourse against people that sold you some product that did not provide the benefits they claimed, or contained some harm they told you it didn't, would be limited to violence.
Is that the world you want?