The point of departure is ‘our current economic system’ - we don’t have a “free system”.
Let me say that I find “ideal free markets” an attractive model, much as I find things to like in “ideal communism”. The problem with “ideal concepts” is that they are difficult to reason or argue about, as I am sure we can agree - in an ideal world everything would “just work itself out”.
I don’t think this world has ever seen ‘ideal free markets’, just as I don’t think that it has seen ‘ideal communism’, there is something about the human psyche thus far that reacts with “ideal concepts” like an observer on a quantum superposition - collapsing it instantly into a shadow of its full potential.
I would argue that the vast majority of people are not producers in a meaningful sense - at best they constitute exploitable resources processed and refined to varying degrees to serve demand.
Whether by design or accident our current economic system has lead to a population that is increasing driven by insecurity and dependency. Be it for narrow fields of expertise or training in repetitive tasks that would be near meaningless outside the given work process, our individual specialization has resulted in a situation where most of us feel wholly dependent, not upon ‘each other’ but upon an abstract system which dictates punishment and reward depending on our ability to be useful to it.
I find this particularly worrying in Law Enforcement at the moment - from the videos around on the web it seems clear that there are a number of Police officers who are uncomfortable with whats going on, the video here serves as an example of just what that is.
Consider the cop with 3 years on the force and 2 kids at home, how easy do you think the decision is to tell his wife that the mortgage that is bigger than the market value of the house can’t get paid? That pretty soon the healthcare that pays for baby Sue’s medication won’t be there? California is nearing 12% unemployment - a growing number of military veterans are competing for the same jobs that an ex-police officer would. Private employment would highly likely be as a commodity item, even if they get another job it would be virtually guaranteed to be in the context of precarious employment - with no or limited medical insurance or other benefits.
There are countless of individual ‘whistleblower’ accounts of the wholly “immoral” practices expected of people in all manner of jobs - from Finance, Journalism, Insurance, Pharmaceutics, Military contractors and well pretty much *all* of it - we can pretend that this just a few bad apples - but I suspect that it is a systemic condition induced by pressures to “perform” and the fear of failure to give the impression that they are.
I don’t see how reducing government’s ability to regulate or investigate “suboptimal” practices could help address that.