[Nokinside]

You should find out. Just wondering with underlying vague conviction where "things seems" forever is not a good thing.

Even Adam Smith knew that 'free market' is idealization and don't fit into everything without tweaking. Most non-regulated markets suffer from market failures and contracts have negative externalities. Smith's invisible hand was not all seeing hand.

As a market advocate myself, I approach markets as an economist. They are something can be made to work, but it usually involves mechanism design (= reverse game theory).

Collective bargaining and labor laws can have both positives and negatives. To make it work well requires discretion. Workers competing against each other with lower benefits has some very negative effects for the society.