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Re:FTC bans hidden junk fees in hotel, event ticket prices by TylerE on Tuesday December 17, 2024 @08:11PM (#42447223)
We have hundreds of years of examples of the blessed free market failing to do exactly that.

If the free market had it's way we'd still be under the yoke of Standard Oil and Ma Bell.

Re:FTC bans hidden junk fees in hotel, event ticket prices by dotancohen on Wednesday December 18, 2024 @07:03AM (#42449810)
For the hundreds of years of examples, we have not had an interconnected network with information available to almost every human on the planet.
Re:FTC bans hidden junk fees in hotel, event ticket prices by TylerE on Wednesday December 18, 2024 @09:51AM (#42450866)
Not a free market project. Funded by the US military.
Re:FTC bans hidden junk fees in hotel, event ticket prices by anticensor on Friday December 20, 2024 @04:36PM (#42475297)
and quite a lot of research institutes around the world
Re:FTC bans hidden junk fees in hotel, event ticket prices by lxgr on Wednesday December 18, 2024 @02:36PM (#42454074)
Information is good, but it doesn't automatically imply that you have an actionable path in getting what's legally yours. Besides that, the Internet hasn't nearly eradicated the inherent information and attention asymmetry between consumers and companies employing people full time to make sure they end up on top for every interaction you have with them.

Consumer protection regulations, especially those regarded trading and credit, cast a very long shadow (ray of sunlight?) you're possibly unaware of, but still immensely benefit from.

Obviously there are diminishing returns and unintended/negative effects to consumers too sometimes, but throwing protections out completely in favor of a "pure free market" doesn't do these asymmetries justice.