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I can see various situations where government intervention in free markets is most decidedly a good thing. For example, food and health industry needs to be re
by bayesianhorse 12y ago
I can see various situations where government intervention in free markets is most decidedly a good thing.
For example, food and health industry needs to be regulated. The incentives for self-regulation otherwise are so low, that lots of people die and suffer until the market reaches its supposed optimal equilibrium of high safety standards.
Antitrust regulation is an intervention in a free market, though one could argue that without antitrust regulation, there is no free market...