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It doesn’t work in practice. So needs regulators or you end up with cartels. And for regulators you need a government.

We got where we got because this already failed.




That's what I've said, yes. It does not.

Companies tend to deceive customers, as the incentives are frequently aren't aligned, so "voting with a wallet" is not functioning as well as it should. And profit-seeking leads to market consolidation, which, at least past some threshold is a net negative on society and turns into oligopoly.

A vision of a society without a government is utopic. It requires drastically different mindset and understanding of the side effects and unintended outcomes from every living person. Yet, I cannot help but naively like the idea of such society (which is entirely subjective thing), and so I wish we all could be smarter and knowledgeable, stop fighting for resources, and that some distant day whatever becomes of us may live in a world where cartels won't form because everyone understands how that's not really in anyone's interest (paradoxically, I believe that's not even good for the cartel itself in the long term - power and wealth are also a deadly curse).




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