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One of the things that puzzles me about the arguments for supply and demand economics being something that is natural and inherent and impossible to regulate away sustainably, is that actually we do regulate the supply and demand model. Our economic health depends upon such regulation. Most countries which have embraced capitalism have also instituted strict anti-monopoly regulations.
In reality true laissez-faire economics would lead to a handful of monopolies controlling each sector of the economy. We institute laws against monopolies to protect the free flow of trade and to allow competition within the market to drive prices down and spread the effects of wealth creation.
I would be interested to hear an explanation as to why it is acceptable/desirable for controls to be added to that part of the system and not acceptable/desirable to control the part of economy that deals with wage levels.
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