privatization; problems: 1) no price regulation--> companies charging what ever they want for any product or service valid or not real or not; real life example---> 12$ for 1x 2" bandaid at the hospital an 1000$ per stitch for sutures, convenience fees, and charging by the byte for internet connection or service 2) no product regulation---> companies could sell harmful or lethal products that harm or kill their users with no repercussions; real life example---> alcohol and tobacco and pharmaceuticals 3) companies would be free to make their products highly addictive to inflate profits, real life example same as #2 4) no waste regulation for industrial waste, real life example; any 3rd world factory 5) companies would be free to under pay their employees to increase profits, creating a paid slave labor workforce, real life example; any factory in China or Mexico, Walmart, McDonald's so yea regulation and socially accommodated established channels of practice of business and rules are pretty required unless you purposely want to increase class inequality and poverty while exponentially increasing pollution and destruction of the environment and population while at same time degrading quality of all products and services