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The thing is extent and execution are intrinsically linked. Meaning, unregulated markets mean the extent will be limited because people will just choose not to
by consteval 2y ago
The thing is extent and execution are intrinsically linked. Meaning, unregulated markets mean the extent will be limited because people will just choose not to get educated. Which makes sense, if they themselves are uneducated they don't have perfect reasoning skills or future outlook.
A market relies on the participants having visibility and ability. They need to see the alternatives, understand them deeply, and have access to them. Turns out you can't do that in a bunch of markets, education being one of them. So, it can never be a true free market.