For their citizens. Markets do a lot more than just provide goods to consumers. They provide employment to producers and distributors. They provide opportunities for investors and entrepreneurs.Then what's the rationalization for this govt. intervention???? What does “consumer harm” have to do with anything? That’s not the regulatory standard in the EU.If there's consumer harm, then prove it, otherwise it's all BS.
For whom are they intervening?
And markets have long impacts. There can be market distortions that are pro-consumer in the short term but bad for consumers in the long term. Product dumping is a great example. While the dumping is happening it’s sun and roses for the consumer as they get goods cheap. But if the dumping is successful it guts local industries and when those go out of business the prices can rise higher than they were before.
What’s the rationale for restricting the regulation of markets to “what’s good for consumers in the short term.”