Yes, and that’s capitalism. The regulations are antithetical to capitalism, but they’re also the only thing keeping us slightly safe from it. Yes, making capitalism less capitalist makes it a lot better. We can have a better system that’s just better, with the people that exist.
Wrong, a market can only be free if it’s regulated, example: I have a competing factory up river from you and we both need clean water to operate, I output toxic chemicals into the water as a result of my operations making your business impossible.
You have to close your business and I get to set the price however I want without competition, in this example the lack of regulations create a less free market.
In practice, governments usually intervene to reduce externalities such as greenhouse gas emissions;
An absence of any of the conditions of perfect competition is considered a market failure. Regulatory intervention may provide a substitute force to counter a market failure, which leads some economists to believe that some forms of market regulation may be better than an unregulated market at providing a free market.
Yes, and that’s capitalism. The regulations are antithetical to capitalism, but they’re also the only thing keeping us slightly safe from it. Yes, making capitalism less capitalist makes it a lot better. We can have a better system that’s just better, with the people that exist.
I think a lot of people misunderstand capitalism in the same way other people misunderstand communism.
What you said is absolutely wrong, regulations are not antiethical in capitalism, they are necessary for the free market to remain free.
The system we see today is a corruption of capitalism the same way Stalinism is a corruption of Communism
A regulated market is by definition not a free market.
Wrong, a market can only be free if it’s regulated, example: I have a competing factory up river from you and we both need clean water to operate, I output toxic chemicals into the water as a result of my operations making your business impossible.
You have to close your business and I get to set the price however I want without competition, in this example the lack of regulations create a less free market.
Here’s the definition
From the link you posted