9sirtom5 on Nostr: Well but again you need to look for real underplaying purpose, in all cases I saw it ...
Well but again you need to look for real underplaying purpose, in all cases I saw it was not because of free market but someone using rhetoric of free market but I reality regulating, intervening, centralizing, or plainly stealing 😅.
The main problem/difference of regulated market is distortion of information (aka price) thus ALWAYS making market less effective then it could be in theory.
Price is the most effective messenger of information we know of and the whole world is so complex that no centrally planned system can ever substitute it (and I'm even taking the situation where authority is working in good faith which is not the case in reality, in reality decisions are made to be reelected, to get personal gain etc.)
The main problem/difference of regulated market is distortion of information (aka price) thus ALWAYS making market less effective then it could be in theory.
Price is the most effective messenger of information we know of and the whole world is so complex that no centrally planned system can ever substitute it (and I'm even taking the situation where authority is working in good faith which is not the case in reality, in reality decisions are made to be reelected, to get personal gain etc.)