> Free markets will always remain the most fair system of resource allocation. First, I think there's a lot of different angles from which you can challenge th

> Free markets will always remain the most fair system of resource allocation. First, I think there's a lot of different angles from which you can challenge that claim. In a truly "free market", things like nepotism, bribery, and inherited wealth still exist (and by definition they'd exist in higher levels than in regulated markets). Does some random millionaire trust fund kid in a free market really create value? Is it fair that Bezos is a billionaire when low-paid workers are the ones actually creating value at Amazon? I would argue that without some restriction, free markets almost guarantee _unfair_ resource allocation. Like without antitrust regulation, for example, it would become a winner-take-all game where a single megacorporation could absorb all competitors and value labour however the hell they want. That is all besides the point though. I would argue that the "most fair system of resource allocation" is not a desirable outcome at all. If a true meritocracy were possible, swaths of people would just starve to death.