> A free market is only constrained by the morality of individuals
It really isn't even very constrained by that. It helps if people are generally virtuous, but even an institution where the majority of the people are of good moral character, can display pathological behavior if it's poorly designed.
It really isn't even very constrained by that. It helps if people are generally virtuous, but even an institution where the majority of the people are of good moral character, can display pathological behavior if it's poorly designed.