We've "let the free market decide", and the consequence is that consumers got fucked.
In general, this tired adage about "market efficiency" has stopped making sense to most people a long time ago. Whatever unregulated markets are efficient at, it's not making the average person's life better. Don't be surprised then that said average person votes for regulation.
In general, this tired adage about "market efficiency" has stopped making sense to most people a long time ago. Whatever unregulated markets are efficient at, it's not making the average person's life better. Don't be surprised then that said average person votes for regulation.