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> Regulation isn't necessarily opposed to a free market In fact, it's required for any market to exist in the first place. Without regulation the concept of ow
by peterangular 5y ago
> Regulation isn't necessarily opposed to a free market
In fact, it's required for any market to exist in the first place. Without regulation the concept of ownership goes out the window. "Free markets" would look like anarchy... and exactly as you lay out in the river analogy it would be utter chaos with everyone acting in their best interest like "damn the consequences!" - it's human nature.
Sorry if I'm coming off as abrupt here - I'm aggressively agreeing and building on your point... IMO the markets require regulation when all is said and done. People who point to a "free market" often do so to shield themselves from the same regulations/rules that are designed to keep the markets afloat just like Pelosi has done here. It's gotten to the point that the words "free market" are almost always a sign of a bad faith argument.
- mcv 5y agoNo, you're absolutely correct. I put my point far too weakly. Any truly unregulated market quickly becomes dominated by monopolies, cartels, scams, etc.
- peterangular 5y ago> I put my point far too weakly Nah - IMO you made a super strong point which is why I wanted to respond with my thoughts. I was just trying to explain why I was being pedantic pulling some of the words apart with my "sorry for abrupt/aggressively agreeing" comment =) Cheers!