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The free market working at its most efficient.

I’m curious to understand what you mean by free market. Civil aviation is probably among the most regulated industry you could find, isn’t it ?

With free market he means that the FAA outsourced certification to Boeing. They did it in order to cut costs and save resources.

Actually, it looks as if it wasn't that strictly regulated, hence the hundreds of deaths because Boeing was allowed to self-certify. The magic of the free market was indeed at work here, producing value for shareholders.

Their competitors were highly regulated, preventing them from existing in the first place. As always in incumbent firm wrote the regulations and defacto decides who is in violation or not.

The economy cannot be separated from the government. If large capitalist interests exist, they will exert power with the government, in the form of influencing regulations or other rent-seeking. Thus you cannot have a "fair" capitalist economy.

It would be nice if capitalism worked as it did in econ classes, but it doesn't with real humans.

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