I think we will soon have to confront serious, real world proof that an unregulated free market is not ultimately self-regulating. Control systems without upper bounds (e.g. shareholder value / profit maximization ) are prone to feedback loops and oscillations. And an oscillating system cannot be judged in its entirety during an upward cycle alone (20th century). Going one level of abstraction higher: there is no evi…
It's the same tragedy of the commons we see with vaccinations. Vaccinations work, so we then forget why we had them in the first place, so then we think "well... what if we just stop?"