Earlier quoted context omitted.
Many people are confused. A free market needs regulation to maintain competition. Companies dislike competition because it lowers profits, and will do what they can to avoid competing on a level playing field. Like adding hidden fees.
I think really there are two types of "free market" supporters. The first is what you're arguing, a version that includes "free of monopolies" in the definition. A market full of competition. A market that has no choice but to serve their customers to the best they can because otherwise a competitor will take their customers. The second are the anarcho-capitalists. They have the naive belief that corporations that do…
I'd say it's stupidity. In the Dietrich Bonhöffer way of thinking. Stupidity in large numbers (perhaps tribalism), is a greater danger to good than evil.