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No, that just gives rise to corrupt capitalism. Like expecting law and order without police and courts. Without regulation and strong intervention against prob
by NeedMoreTea 7y ago
No, that just gives rise to corrupt capitalism. Like expecting law and order without police and courts.
Without regulation and strong intervention against problematic companies cartels, profiteering, monopoly and all the other problems of unconstrained capitalism tend to result. Standards will fall, prices will rise, deals will be done on golf courses and in (formerly) smoke filled bars against the interests of the customers.
The best markets are ones that have a clear market, and are kept free and ethical by strong and appropriate oversight (government). Needless to say there are many markets that are not appropriate uses of the market, and oversight does not work too well with a revolving door between commerce and regulator, smoothed by filthy lucre.