3 ms·
>I think there is a natural system of balance found in a true free market. This is not borne out by the examples we've seen thus far of deregulated markets. It
by omegaworks 8y ago
>I think there is a natural system of balance found in a true free market.
This is not borne out by the examples we've seen thus far of deregulated markets. It's important to distinguish between a free market and a deregulated market, as pundits often conflate the two so regularly.
The benefits you state, a system aligned with "the psyche and desire of the people" does not, in fact, naturally emerge from deregulated markets. Every entity participating in a market would benefit by being the only participant in that market, so they do things like externalize costs, acquire competitors and leverage network effects to grow their share of that market.
Once that state is achieved, the people hoping to have their various desires met by various participants in the market will have but a single option.
A deregulated market devolves into central control.