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This article conjured some thinking that I'll roughly sketch out below. It's more thinking out loud - testing some ideas rather than framing for a more permanent point of view. Maybe my metaphor is off - let me know what you think:

I think this illustrates that there is no such thing as a "free" market and that markets need as much governance as any other complex system.

Without governance, markets left unchecked favor those with systemic market power where those with less are exploited through collective bargaining at the top of the food chain.

And if we think about markets like ecosystems where the powerful are the predators, and those with less capital are the prey (as is largely the case), in capitalism, the predators will feast until they threaten their own ecosystem with systemic collapse (great depression & great recession for example.)

Capitalist with intelligence and foresight saw during the Great Depression that there was a need to protect their prey if they wanted to continue thriving as predators - and the largest middle class in recorded h... show more