TOM TOMORROW: Doctor Hand! ("How Can They Stay in Business if They Have To Insure Sick People?")

[JoeyT]

20. The problem is that the market doesn't actually work.

At least not on its own. 1, 2, and 4 all require government enforcement. Without regulatory agencies, you can't be reasonably well informed, because they can just lie and who's going to stop them? Without regulation, monopolies arise (Though it can be argued that that's allowed with regulation, since we don't seem to care about monopolies anymore.). 4 can be violated any number of ways. Shady contracts, company towns, and monopolies on essential goods or services could all be examples of duress that require regulation to prevent.

There's really no such thing as a free market. By the time you create enough legislation and regulation to prevent it becoming a predatory system, it doesn't really resemble the idea of a free market anymore.