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[–] Sir-Real 0 points 1 point 1 point (+1|-0) ago
Well, you're about half right. It's more so that liberals say that the idea of the free market has failed. It's incredibly difficult, if not impossible, to have a truly free market. Anything with the notion of being that usually becomes incredibly corrupt and certain sectors/businesses/corporations utilize that corruption to take over the regulatory agencies, as we see today. The issue is that you really can't not have regulatory agencies since that's who writes and enforces the rules of business. Copyright/patents were made to protect ideas and promote creativity rather than stealing from something that works which if that's possible (to take any ideas with no repercussions) then no one would be creating new, since it won't be safe to do so.
In addition, the regulatory agencies have to be socialized much like they are now. Imagine a private agency that regulates, say patents. It sounds good when you look at some bureaucratic failures, but now that agency needs to make profit to stay alive (they don't just get money from nowhere if they're private). The price of buying a patent would shoot through the roof and only those already successful will have the money to create, thus creating a monopoly on the safety of ideas.