zlacker

Just noting that in your scenario here, you are admitting that the private sector is not able to correct it's own abuses, but rather needs the elected government to do so.

>market misbehaving is punished by the market through the consumer.

Can you explain how the consumer punishes private sector entities engaged in human trafficking, for example? It seems there's plenty of evidence that deception and cutting corners is the most market competitive behavior that corporations can employ which allows them to offer the most appealing prices. Therefore market misbehavior is rewarded, not punished by consumers because the price signal is too reductionist to capture all of that.

>And the history agrees with me.

That is debate-able

>>petroc+(OP)
I wrote this in another comment but it bears repeating: Illegal behavior is punished. Markets require the rule of law. The role of governments to implement and uphold the law. Nobody is disputing that.