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"If something is positive for both sides then I think the market will eventually adopt it on its own." Due to millions of regulations already in place, the mar
by lukan 3y ago
"If something is positive for both sides then I think the market will eventually adopt it on its own."
Due to millions of regulations already in place, the market is not really free, but very distorted. So even if the "free market" would always go for the best solution, current state is nonproof for anything.
Otherwise you might argue, that europe would be a proof, because unions here are strong.
- actionfromafar 3y agoWithout regulations the market would remain free for at most a hot minute and you would get regulation again, your own or someone elses, to paraphrase.
- int_19h 3y agoThe single largest regulation in any capitalist society - the one on which literally the most policing resources are spent, by far - is abstract private property rights. Capitalism cannot exist without that, because you wouldn't be able to accumulate capital indefinitely if there aren't people with guns that are ready and willing to do violence on your behalf to protect the thing that some paper says its yours. So, yes, the market isn't really free, and never has been, when you don't selectively exclude some kinds of regulation from consideration.