Capitalism cannot exist without regulation. There is no such thing as a "free market". Capitalism relies upon regulation to enforce the enclosures it builds. Regulations are a direct product to protect profits.
For example, Medicare is prohibited from negotiating prices with drug companies for most medications. A few exceptions were carved out with the IRA passed under Biden. The VA can it pays a lot less. Why is Medicare forbidden from negotiating? Because the pharma industry lobbied for it.
Also, cheaper generics are banned from being imported even though you can buy the exact same thing for a 95%+ discount in Canada.
To see this regulation in action, you can pretty accurately predict what courts and the government will do by simply asking "what do the capital owners want?".
Just this weekend, we had an actual domestic terrorist in Minnesota kill a state lawmaker (and her husband) and attempt to kill at least one other. So far he's been charged with second-degree murder and some federal charges [1].
Now compare this to Luigi, the alleged shooter of UHC CEO Brian Thompson where the AG and US attorney immediately came out calling for the death penalty and laying first-degree murder and terrorism charges on him.
Now maybe the federal or state charges will be upgraded to first-degree but there's none of the same rhetoric about an actual terrorist. Ask yourself why.
"Capitalism cannot exist without regulation. There is no such thing as a "free market". Capitalism relies upon regulation to enforce the enclosures it builds. Regulations are a direct product to protect profits." - Source?
Imagine a society with no laws, no regulations and no courts. How would you enforce a contract? How would you resolve a dispute other than "might is right"?
Even beyond this, we have a thriving commercial aviation industry. How would that work without safety standards? How would consumers have confidence in the planes? What about pilot qualification? Managing airspace? Having confidence in the parts you need, the people you need to maintain the planes and things like the fuel that goes into the plane without regulation?
Occasionally anarchists or libertarians and argue you can Yelp review your way to a functioning market. "Pilot could not fly plane but was nice to us. 2 stars"
The idea of "deregulation" is fundamentally silly and entirely devised to increase profits by getting rid of pesky safety regulation while maintaining regulations that protect profits and restrict competition. Imagine what deregulation would do to Vertizon or AT&T. Do you really think deregulation will remove restrictions on municipal broadband? Or instead just remove requirements to build out their networks to less profitable areas?
Libertarianism and deregulation are just fundamentally ridiculous ideas. Ergo, you need regulation for a market to function.
