So, all of what\’s going on, all that\’s wrong in the world, is as a result of businesses buying regulatory favours through the political process.
I find it difficult to disagree with the basic thesis, although "all" seems a little strong.
And of course there\’s nothing remotely free market about such client capture of the regulatory State.
But George seems to think this proves that free markets don\’t work.
If what we\’ve got isn\’t a free market then how do the problems in what we\’ve got show that free markets don\’t work?