No one lives in completely unregulated capitalism. Well, not willingly anyway. That kind of anarchy happens when countries collapse. But normally you quickly get a drug/war lord taking over setting their own (unfair) laws & regulation.
It’s a constant battle of over/under regulation, regulatory capture, etc. But that’s how it should be in a dynamic world.
That why we need regulators. The market doesn’t magically deal with “Tragedy of the Commons”.
no that’s communism
No one lives in completely unregulated capitalism. Well, not willingly anyway. That kind of anarchy happens when countries collapse. But normally you quickly get a drug/war lord taking over setting their own (unfair) laws & regulation.
It’s a constant battle of over/under regulation, regulatory capture, etc. But that’s how it should be in a dynamic world.