The market exists through manipulation (regulation). There is no such thing as a free market that erupts spontaneously. Despite the rhetoric from certain circl

The market exists through manipulation (regulation). There is no such thing as a free market that erupts spontaneously. Despite the rhetoric from certain circles, “free” markets are actually highly managed and regulated entities. There’s a reason why places with the best (largely defined as consistent) regulations, and greatest stability are also financial centres. If markets erupted without any regulatory framework then their quality would be highly correlated with the level of anarchy in a place. Whereas the reality is almost the opposite.