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| This article is under construction and should not be used as a reference.
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[[category:myths|Business doesn't need government regulation; a truly free market will regulate itself.]]
| Myth: Business doesn't need government regulation; a truly free market will regulate itself.
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Myth
Reality
Markets don't "regulate themselves" in the sense of limiting abuse. When economists talk about how a market "regulates itself," what they mean is that markets reach an equilibrium between supply and demand. This says nothing about whether or not this equilibrium will be a good thing for society.[1]
Sources / Credits