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The part that proponents gloss over about the "the market will solve everything" is that people die first. Boeing puts out very bad planes that kill people, then they fail. The cereal company puts arsenic in food and kills people, then they fail, on and on. We know this is how the market works, because that's how it used to work before we regulated it.
The market alone is an executioner, and everyone rallying for it doesnt think they will be next.