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Both regulation and an actually healthy free market are important. Both have pros and cons Regulation sucks at directing productions of goods and setting pric
by callc 1y ago
Both regulation and an actually healthy free market are important.
Both have pros and cons
Regulation sucks at directing productions of goods and setting prices, distributing these tasks to the people generally works better.
The free market is unstable though, its actors ever trying to gain advantage and squash competition. Profit first driven people too often push harm to humans as out of mind and externalized.
This is where regulation is needed. (read as: we the people need rules to protect what we deem important, including our health and having a well-functioning society, profits be damned)