Quote:
Originally Posted by tw
The stock markets could not exist without that regulation. To make it work - to establish rules so that trades are fair and equitable - only people trained in those laws and regulations can perform that trading. A free market as described would only subvert free market stock trading into a corrupt and avoided market. What makes stock markets so useful? They are safe and regulated places to conduct free market trading.
There is no way around some government regulations in all free markets.
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The stock market...and ALL markets could easily exist and would thrive without any government intervention or regulation and would make sure that all trades were fair and equitable because they would be voluntary.
Without government involvement in markets, we'd still have laws against fraud, theft, endangering others, etc.
Free-markets do not lead to corruption or to criminal activity. Government regulations do lead to corruption and criminal activity especially when it comes to the markets.