Because LFC has been proven to fail. It needs regulation.
Well, it's not failure as a rocket fails to launch and explodes.
Therefore it may be a failure as in
sub-optimal.
Therefore, to judge failure, one must have an objective, measurable standard that is tested for in, ideally, a repeatable, double-blind study. That can't be the case here, obviously. But you can at least do objective measurements of things like longevity, average health, average quality of live, amount of entertainment available, whatever.
Of course, such studies would be incorrect if one were to pick only studies known to show results that tout personal political philosophies. So that's why it's good to just use things like average life span, average health, average calories available
or consumed, and so on.
Hmmmm. I wonder what studies of that sort of thing over last century's hundreds of "economic experiments" show?
I wonder. I'm feeling kind of lazy, hey, that kind of sounds like "laissez", doesn't it? Hah Hah. I made a funny.
Anyhoo, Almo, since you're so sure LFC is a failboat, can you point to such studies that show massively regulated capitalism, i.e. socialism, or fascism, for that matter, are better at producing longevity and quality of life?
I'm sure you have such info, for no honest person would ever make a statement like yours, at least on a skeptic board, without knowing the answer. I'll wait.