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"Economic theory is not up for debate."
Except it is hence the word THEORY.

Also, we are basically saying the same thing here. The only difference is you seem to omit seriously glaring errors in 'free and open ecenomics equals lower price' thought as I have already given a great example of a free and open market wich does the opposite.

I'm not touching the morality of needing aproval for a business as there really is no moral high ground for either system. After all what is so morally correct about a business that makes deals with city inspectors to get them to declare your building not up to code thus putting you out of business. Or a system that claims to be against monopolies yet they CONSISTANTLY crop up time and time again? What is so great about a system where profits go up across an industry while salaries go down?