The only two ways to coordinate human societies at scale are free markets and physical power. Any ideology rejecting free markets is just advocating for power. Socialism, communism, and fascism all converge to the same endpoint - rule by the biggest thug.
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the state itself is the external stabilizer. when a free mkt creates a monopoly, you want a mechanism that enables restoring the mkt instead of oligarchy or a different monopoly.
Right. That's the theory. But regulatory capture is what actually happens.
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thats inevitable. all things decay from ideal state. gotta fix that too. either the mkt will fix the captured sector through an adjacent industry, or a politician will. in a way, its like a free market.
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Right. It's all dynamic on a long enough timescale. But you know what's most dynamic? Markets
End of conversation
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