No economy can be in true equilibrium when the consumers send profits to be spent in unforeseen and unrelated ways like this. Every purchase carries potentially immense future costs that are almost completely opaque.
Free market maximalists need to confront this fact before praying at the altar of complete deregulation, and every consumer should pay more attention to who they are buying from.
There are legitimate criticisms of a pure free market, but this is "state capitalism" not a free market.
The Trump administration is absolutely not pro free market. They're putting fingers on the scale all over the place, taking Federal positions in private companies, taking literal bribes for regulatory favors, influencing the selection of executives and board members, and using the power of the state to attack privately owned companies for platforming speech they don't like (like this 60 Minutes segment, made by a private company). Trump/MAGA looks a lot more like the CCP than anything else.
Of course if you pay attention to the discourse, MAGA and national conservatism are an explicit repudiation of Reagan/Clinton "neoliberalism" and "libertarian conservatism." They explicitly support a large administrative state that centrally plans the economy and culture, just one they run and use to push right wing and nationalist agendas.
I remember saying back during the Bush years: if the right is forced to choose between liberty and cultural conservatism, they will throw out liberty. The right only supports the freedom to do what they think people should be doing. (Yes, there are similar attitudes in some parts of the left too. There are not many principled defenders of individual liberty.)
Edit: I'm really just arguing that we should call things what they are. Calling MAGA's CCP-like state capitalism a free market is like calling Bernie Sanders or Mamdani communism (they're socialists, not communists, these are not the same) or calling old school conservative republicans fascists. Words mean things.
Yeah, that's what OP said. I hate these sort of comments where the poster acts like they vehemently disagree with what was said, but then just restate what was said in a slightly different way.
No, OP lectured us about the evils of free markets and how they need to be regulated... presumably by the same corrupt, captured government he's complaining about. The one who's giving Ellison his orders to pass along to Weiss. Because that's who'll do the regulating, in the world OP is implicitly asking for.
The problem isn't the money or the market. The problem is the power.
Trump's and the Republican party's whole shtick is deregulation. The financial tumors in the economy love it when the white blood cells look the other way. That's why folks like Ellison and Elon bought this election. These are the types of orders they are happy to comply with for favorable treatment.
If you don't regulate, you're just opening the door for the free market to birth a tyrant or cabal that makes up their own power structures.
Perhaps, but right now the only tyrants and cabals I see around me were elected democratically. I don't have to use Facebook or Amazon, but I have to pay taxes to Trump's treasury department.
The fact that stupid people can be easily herded into voting against almost everyone's best interests, including their own, is not an indictment of the free market. If anything, it speaks to the apparently-unresolvable incompatibility of social media and democracy. I'm pretty sure we'll have to give up one or the other before long.
Whatever. He wasn't bothering me until the deliberately-misinformed populace gave him power over me... twice.
Again: the problem isn't the money, the problem is the power.