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by andygrovetheman 2919 days ago
The US has slid away from a free and fair market too. By moving to completely unregulated markets, they have given control to the biggest companies. In a totally unregulated market, inequality grows.

That’s bad for a society. Most free market economists (before “free market” was taken over by billionaires and plutocrats trying to increase their wealth) understood that regulations (anti-trust, anti-price fixing, anti-dumping etc) were needed to give small players and workers a fair shake.

When the US emerges from this national emergency, will it restore balance to markets as it did in the 1930s and 40s in reaction to the 1920s plutocrats? To me that is totally unclear. Let’s hope so. Let’s hope Europe joins it.