Here's a thought: compare the system we have now, with its imperfections and bad things, and compare it to what happened prior to it. It is generally better. No

Here's a thought: compare the system we have now, with its imperfections and bad things, and compare it to what happened prior to it. It is generally better. Now look at what would happen if we just dropped them, the way it is shaping up as is, looks a lot more like feudalism (and other aristocracy based systems) than not. That is the concern. I know, blah blah free markets never existed so a truly free market would lead to utopia blah blah. But, markets right now are freer then they have ever been, and we are still seeing the concentration towards aristocracy. More freedom of market would probably swing more towards this, as the current owners of stuff would just demand all output of workers (including any thought they ever had) reducing the ability of new entities to exist to create the churn assumed in free markets. Unless you get rid of IP and large portions of property rights (and in the later case, unfreeing the market by standard definitions). Basically, a system without feedbacks will move to extremes.