Comment by Quarrelsome

> I think if behavior needs to be regulated by government in order to be moral, then it's immoral behavior by default

Regulation is creating rules for businesses to run within. This goes back to rule of law. You can't tell a group of children to "behave" and walk away and expect good results and then call the children "bad" when they fail to behave.

Rather, you must give them systems to understand, to channel their energy, productively, in a way that matches the desires of the parent (government) and their strategies. Then you have to meaningfully punish those who intentionally break the rules in order to give those behaving the knowledge that they have chosen the good path and they'll be rewarded for it.

Free markets are not about "morality"/"immortality", its about harnessing an existing energy to make a self-sustaining system. A system a state is less good/interested at keeping going or unable to act quickly enough to move in. But part of creating that system is putting in guard rails to prevent the worst sort of crashes.