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The sweet spot is in actually testing for, and enforcing regulations. Fund that part properly, and you’re most of the way there. It should also not need to be said that the testing and enforcement cannot be outsourced to some corporation, and cannot be self reported.
You need to have a role for the market. Central planning is a demonstrably bad idea.
But a heavily regulated market is the sweet spot.
The sweet spot is in actually testing for, and enforcing regulations. Fund that part properly, and you’re most of the way there. It should also not need to be said that the testing and enforcement cannot be outsourced to some corporation, and cannot be self reported.