Binyamin Appelbaum [Archive.org URL]

This conceit that markets exists outside of government and that government intrudes on the marketplace is fundamentally wrong. Markets exist in the context of a well-regulated society, they are creatures of that well-regulated society. They have rules, either implicitly or explicitly. And if you’re not writing those rules and just defaulting to the principle that companies can do what they want, you’re going to get much worse outcomes than if you’re trying to write good rules to regulate the conduct of the marketplace.

Like this content? Why not share it?