They say that unregulated markets are bad for communities. Therefore we need to regulate all markets. The markets should simply do what politicians wish. After all, are the market in the people, and people should listen to the government.
The main critics are that policymakers adore the market. That communities have no control over the markets. Policymakers should be able to criticize the markets.
We should abolish this concept. After all the government knows best.
But how are those that determine what’s good for us or not? What makes that they are capable of this??
So it will lead to some politicians deciding what is good. politicians who lack any vision and could be under pressure from pressure groups.
Just look at the tariff on steel. It is going to help those who make steel. After all foreign steel is more expensive. But the users of steel are hurt. They have to pay more.
One of the massive problems with this is how a bigger society is the fewer people agree with the politician.
So is it not better to simply have the market function well? Simply let consumers vote with their money. Leave politicians just out of it.