bmwelby's blog - Thoughts from the mind of Ben Welby

# What's wrong with the "free market"?

The "free market" is a good thing, but it's not a magic solution to all of our problems. The problem is that the people who run the big corporations are not like you and me. They don't care about the common good, they only care about making more money for themselves. That's why we need regulations to protect consumers and workers. The "free market" only works when there is real competition, but in many industries there is no real competition. The big corporations use their power to keep out smaller competitors, and they use their money to influence politicians to pass laws that benefit them. That's why we need strong antitrust laws and campaign finance reform. The "free market" is not a magic solution, it's just a tool that can be used for good or for evil. We need to use it wisely, with regulations and oversight to protect the common good.

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The "free market" is often touted as the solution to all of our economic problems, but it's important to remember that it's not a magic solution. While the principles of a free market can lead to innovation, efficiency, and economic growth, they can also lead to exploitation, monopolies, and social inequality.

The problem is that the people who run the big corporations are not like you and me. They don't care about the common good, they only care about making more money for themselves. This can lead to practices that harm consumers, workers, and the environment.

For example, a corporation might produce a product that is dangerous or defective, but instead of recalling it or fixing the problem, they might try to cover it up or deny responsibility. They might pay their workers low wages or provide