No sarcasm. It’s easy to poke holes in the thing. The holes are largely a reflection that it’s not been regulated. There’ve been attempts and even successful re

No sarcasm. It’s easy to poke holes in the thing. The holes are largely a reflection that it’s not been regulated. There’ve been attempts and even successful regulation in certain markets across time, but the current economy has warts. Teddy Roosevelt comes to mind as an upswell of regulation. I think it wasn’t until 1938 or 1939 that someone actually went to prison for the 1929 crash. Then much of the bank reforms introduced following 1929 were repealed. Buybacks were illegal used as part of them. Etc The current push to onshore production actually feels a little regulatory. It’s a system that does need some “light” steering from time to time. (I could go on that if a company publishes ads they’re operating market power that should be countered. The reason to the counter is market power means the supply side isn’t producing the market clearing amount of product and instead of selling what they produce there is always waste. But this particular point in time is very anti-progress.)