A lot of people reject political ideas (i.e., regulations) because they have an idealized love for our free markets. Meanwhile small profitable companies are going out of business to larger unprofitable companies.
It begs the question, how did the larger unprofitable company become large in the first place? It wasn't by delivering goods and services at a fair price, it was by currying favor with those already in power. The romantic view that to succeed in a free market you sell goods and services at a fair price doesn't hold.
“A lot of people reject political ideas (i.e., regulations) because they have an idealized love for our free markets.”
No, it’s that regulation is often used as a political tool to wield power over the players in the market.
Free markets are far from ideal. But they do make it a bit more difficult to game the system because there are fewer ways for a third party to interject itself. Don’t get me wrong, I’m not saying it doesn’t happen or even that it’s rare. Just more rare than if you turn politicians loose on the system.
I’m always amazed that people implicitly trust politicians, as though they’re unbiased referees trying to keep the game fair. Nope. The reasonable regulation you pass today will turn into some bizarre fiefdom in 10 years.
It begs the question, how did the larger unprofitable company become large in the first place? It wasn't by delivering goods and services at a fair price, it was by currying favor with those already in power. The romantic view that to succeed in a free market you sell goods and services at a fair price doesn't hold.