https://www.theguardian.com/commentisfree/2023/feb/15/earthq...
https://www.theguardian.com/commentisfree/2023/feb/15/earthq...
Letting the free market take care of it isn't natural or neutral. It's literally never been how human society does things.
Probably wasn't a list of real laws? So says Wikipedia: "Rather than a code of laws, then, it may be a scholarly treatise."
There's zero equality in it. Killing a commoner is cheaper than killing a noble. If the badly built house falls on a slave, the builder owes the owner a slave. So if the free market is an innovation like equality, and is not natural, well, fair point I guess, and natural isn't necessarily good. But was Babylon natural, anyway, or just old?
The notion that the free market is natural means something. I suppose organic is the real idea there, and that makes it just another appeal for using local knowledge as opposed to insensitive central management.
Just another way regulation fails to do what is supposed to, while its downsides (diminished competition, deterring startups and supporting incumbents) still apply.
This is why blindly relying on regulation and ignoring its trade offs is just foolish.
But they do exist. Their downsides still apply. They will keep intimidating and burdening the honest players and deterring prospective startups while completely failing to stop bad players.
They will even encourage corruption: obey heavy regulations and controls or simply pay a tribute to the ruler.
FTA: “ According to numbers published by the environment and urbanisation ministry in 2018, more than half of the buildings in Turkey – equivalent to almost 13m buildings – violate construction and safety regulations.”