I don't mean this a sarcasm. The point of good regulation is to try to change the incentive structure so that the system seeks to a different peak in the possibility space, avoiding various hill-climbing errors along the way. That's hard, but the approach of mandating how can be easier to write but much harder to implement (less stable, expensive, and requiring a lot of government effort).
A good example is exchange trading schemes. Instead of requiring a huge bureaucracy, the European trading system issues a number of emissions permits and then lets the market decide whether to upgrade or buy permits. As the number of certs sinks predictably over time, people can plan ahead to commit to building better plants (or retrofit) vs eking a couple of extra years out and then shutting the plant down. Less paperwork, fewer regulators, and letting the market seek to the point you want.
This is not true for just "unregulated markets".
Regulated markets operate the same way, see: Banks. Credit Cards. Healthcare insurance by state.
But that's why we have laws specifically to break up anticompetitive behavior. The problem is they are not properly written and leave a lot up to discretion.
I’m a cynical person but this is way beyond what I think. You don’t have to go far to see counter examples where someone has done something pretty great for which they get little return but spent a lot of effort. Skimming the front page on HN today has some examples.
The examples I found: the WLED link, the large format camera blog post and the thing about Tolkien.
Sure, OG hackers don't want to waste 30 seconds walking to the printer if their print job isn't ready.
But OG hackers solve that problem by spending three hundred million seconds writing an entire OS from scratch.
And in the end, I'm not even sure if that solved the original problem.
Of course you wouldn't be wrong by seven orders of magnitude in the more common cases. But I strongly doubt that Haiku, the Quine that works in dozens of languages at once, or Gnome 2 started their work to fatten up for the coming winter months.
Cutting corners and monopolizing makes sense for a business when absentee profit-seeking owners are the ones calling the shots and taking the spoils.
An alternative corporate structure where decision-makers have different incentives coughsoughworkerco-ops might choose different and less destructive behavior in the same free market.
(Of course, worker co-ops are still good things, even if they're not going to solve every problem all by themselves!)
Just a poorly disguised fig leaf covering 'take from those with less, and give to those with more'.