this post was submitted on 01 Dec 2023
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Isnt the free market supposed to self-regulate?
If companies can exploit it, why shouldnt we?
No, free market isn't "supposed" to self regulate. That's silliness. The only people who say that have no understanding of the concepts.
Regulation is required. Unfortunately with regulatory capture it's not happening.
Yep. The self regulating market is either utopian vision by blind idealists or double speak for maximizing profits and fucking over anybody and anything while doing it.