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it's not the invisible hand's fault when that hand is tied behind it's back. There is no real way "untie" this hand in this case. The regulatory pseudo-markets
by joe_the_user 6y ago
it's not the invisible hand's fault when that hand is tied behind it's back.
There is no real way "untie" this hand in this case. The regulatory pseudo-markets that governments impose are often presented as "deregulation" but they aren't that. They're just a different kind of regulation. However, both companies and politicians put forward the claim that these pseudo-markets make their players "private enterprise" and so-absolved from responsibility to the public but that's a self-serving fiction.