I am for a free market. And I am for protecting the unalienable, Constitution, legal, and civil rights of the people. I am opposed to anarchy and very much appreciative of the social contract by which people join together and agree on specific ways to govern themselves. For MACs, one component of that social contract is a conviction that the government should have a role in preventing the people from doing physical or economic violence to each other and also a role in enforcing common standards of ethics and decency so that the strong are prevented from preying on people without the people's knowledge or consent.
So, we have truth in lending, full disclosure laws, and requirements of good faith in contracts. And we have reasonable laws to as much as possible prevent products with hidden dangers from being sold, at least without informing the public of the dangers.
So, the social contract supports a free market that allows people the freedom to look to their own interests and to provide a playing field in which all can compete. In so doing, we provide incentive for all providers of goods and services to strive for excellence and provide the best possible products at an attractive price.
But the social contract does not support a free market that allows people to look to their own interests in a way that deceptively harms others. You can say your product is best when it isn't. That doesn't hurt anybody. But you can't say your product will cure cancer when it won't. That could cause somebody seriously injury or cost them their life. It is a proper role of government to regulate that kind of thing.
The government that allows one industry to exploit something that does not deliver a benefit as advertised and in fact harms the whole of society is not promoting the common welfare. The government should be taking a close look at class action suits that are substantially driving up the cost of healthcare while providing little or no benefit as advertised. And if in fact class action suits are a dishonest exploitation of individuals and/or the general public, they should be regulated so that they do not wreck economic violence upon the people.
And that would be a MAC principle.