Maybe unfettered is the wrong word for the leftie way of capitalism - pointed in a direction and then smacked on the arse and let run. e.g. Freddie Mac/Fannie May.
The problem is that we still think we have a free market and that the system runs itself. On a surface level we buy we trade but we are seagulls arguing over the scraps. Market interference is there it’s just done by applied pressure or by movements calculated to set of chain reactions by super rich people like George Soros who can change the value of a currency by what he does. Does that not make the markets tyrannical?
The company I work for is based in Hong Kong - they are one family (supposedly) I work for just a twig of branch of one of the companies they own. My twig company is global and is worth many 100’of billions. There are so many branches to the parent company and I only know a handful of the other names that are also multi-national companies and those companies own multi-national companies themselves. The parent company takes no profit but buys other companies and undercuts local business for contracts - it is an all eating all consuming machine. In reality I think the company is a massive ChiCom. I wonder is our unfettered capitalism with no global boundaries going to have us owned by ideologies that do not believe in Capitalism but are in fact anathema to it or has it already happened.
Mel
Sure...but these current markets are not free.
Currently, we have socialist governments loading regulations on business...thus, these markets are not free.
The Pope is wrong to bash the truly free market system. A free market alleviates poverty. Would he rather have a controlled market where the freedom of millions is squelched?
As far as your Chinese company...what you might be describing is a crony system where the Gov't is enmeshed in operations (not a free market). Since you're dealing with a communist gov't it may be likely.