this post was submitted on 19 Mar 2025
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But money is power and power is expressed through regulatory capture. It's not right, but there will always be pressure towards wealth dictating the market structure and rules. Ultra wealth inequality dismantles the systems you expect to ensure externalities are considered.
In any case, yes, we agree that markets often fail on considerations of important externalities. Furthermore, we agree that government has a role in correcting that.
That is actually a good point. Unusual, but welcome.