[uticus]

> instead of believing in magic of "free market"

It looks like magic because it works like magic. Surprisingly it is also possible to believe in the magic of "government intervention" though it looks less like magic and more like unintended consequences.

[throwaway173738]

Doing nothing and letting the market do whatever is also full of unintended consequences. Your argument is like letting your yard go to weed and accumulate a bunch of knotweed and himalayan blackberry. Yeah you can argue that you didn’t do anything to create that situation but at the end of the day you’re still responsible for it.

[Eisenstein]

The thing is that not doing anything is still a policy decision. Unless you want to go full bore libertarian there will always be regulation. By saying that the market is magic and the government is intervention, then you ignore all of the intervention exists already and just saying you are fine with it.