The free market is a regulated market, but a government monopoly is anti-market, and inevitably twists its power to distort the market through cronyism. Government is not immune to the psychological and economic problems of monopoly, but is the only organization capable of propping up cartels and monopolies in the face of market pressure.
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Please explain which regulations you believe are essential for a FREE-MARKET to maintain its "FREE" status and what enforcement mechanisms are appropriate.
What problems do you, the proponent of monopolized regulation, see, and how does government fix these alleged problems?
My primary assertion at the moment is that a "truly" FREE-MARKET is 100% UNREGULATED (no "government" or member consensus referee).
A truly unregulated 100% free-market is a dog-eat-dog mafioso playground.
Your assertion is, and please feel free to correct me if I'm mistaken, that a "truly" free-market is somewhat regulated.
I'm willing to accept that, but at first blush it seems like a contradiction in terms.
That's why I'm asking if you have any specific regulations and or enforcement mechanisms in mind.
I'm not "advocating" for anything one way or the other, I'm just trying to make sure we're both speaking about the same thing.
(1) I'm asking if you have any specific regulations and or enforcement mechanisms in mind.
Others have written more on this topic. I defer to them.
Dairy farmers used to mix their milk with pond water before "regulation" and a credible threat of enforcement.
Looking at history, "self regulating markets" don't seem to have the best track record.