2 ms·
The key word in your statement being: > should The trouble with this answer, and the people who accept, it is that they assume the market is fair or at least
by cptskippy 4y ago
The key word in your statement being:
> should
The trouble with this answer, and the people who accept, it is that they assume the market is fair or at least pretend so they can ignore the inherent problems.
At this point it should be apparent to anyone that markets are rigged, and anyone sticking to the idea of self regulating markets should not be trusted.
The trouble with this answer is that it makes two incorrect assumptions:
Companies regularly attempt to interfere with or harm any means of regulation, governmental or otherwise. Companies stifle competition that might regulate their behavior both legally and illegally without fear of consequence.
* Even if your answer held true, which is absolutely does not, the inherit problem with it is that there's an acceptable rate of failure before correction takes hold and that the losses are acceptable.
There is irreparable harm that occurs in many industries and the morally acceptable limit of zero is well below the market's acceptable limit.