It should also be pointed out, that the regulatory laws are what _defines_ the market. They are even more fundamental to a market's existence than the companies producing goods and services, or the consumers buying them.
Without regulatory law, the "market" devolves to a relapse into the warring states era. Why shouldn't amazone hire a mercenary force to blow the vault doors off of Ft. Knox and carry all the gold home to Bozo?
Because there are laws against it! And that would render the action unprofitable. Bozo sure as sh1t doesn't care about stealing from anyone, or even someone getting killed, if it means he gets a bunch more shekels.
The regulatory law is more than just inherent, it's a mandatory component of anything that's going to have more resemblance to a "market" than to Mad Max...
So, the profiting companies actually _require_ a regulatory structure, to prevent the most wealthy and powerful from just taking whatever they have.
The question is in also making these regulations benefit the consumer as well as the supply side.
In the US this part is currently in rather complete failure...
Well said.
It should also be pointed out, that the regulatory laws are what _defines_ the market. They are even more fundamental to a market's existence than the companies producing goods and services, or the consumers buying them.
Without regulatory law, the "market" devolves to a relapse into the warring states era. Why shouldn't amazone hire a mercenary force to blow the vault doors off of Ft. Knox and carry all the gold home to Bozo?
Because there are laws against it! And that would render the action unprofitable. Bozo sure as sh1t doesn't care about stealing from anyone, or even someone getting killed, if it means he gets a bunch more shekels.
The regulatory law is more than just inherent, it's a mandatory component of anything that's going to have more resemblance to a "market" than to Mad Max...
So, the profiting companies actually _require_ a regulatory structure, to prevent the most wealthy and powerful from just taking whatever they have.
The question is in also making these regulations benefit the consumer as well as the supply side.
In the US this part is currently in rather complete failure...