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Free markets result in more variety for the consumer. Lower prices. Ease of access. Symmetry of information. Free markets are a good thing - and thus, they must be protected at all costs from market failures. This a key role that the government plays in an economy. (4/7)
Look to the world's most prosperous nations, and you will find that businesses have few barriers. Innovation is ubiquitous. Pricing is competitive. Most importantly: governments step in momentarily to correct negative externalities and monopolies and walk away right after. (5/7)
Free markets are not black or white. They are not incompatible with regulation. Correcting market failures allows a free market to truly prosper, ushering in all of its splendour for decades. This is how great countries are born. Singapore is a good case study to look to. (6/7)
I think there are takeaways for decentralized markets here too. Protect genuine investors from vultures who perpetuate information asymmetry. Encourage innovation and the natural price signalling mechanism. DeFi can and will flourish - if we allow the space to detoxify. (7/7)
Government regulation is the problem FatMan. I also find it quite convenient, that all of this is happening during the WEF confab hosting the World's parasite Elitist. Historically, the Free Market tends to be continually stymied, by the likes of self proclaimed do-gooders.
Look to the world's most prosperous nations, and you will find that businesses have few barriers. ^On this, I believe prosperous nations have much better infrastructure that will present them as no barrier markets, in reality no real difference. Just appearances imo.
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