Listening to a great radio series about the life and writing of Karl Polanyi, especially his book Markets and Society;
"Using readings from Polanyi's work, the reminiscences of family and friends, and the comments of contemporary Polanyi scholars, it traces his life and thought from his childhood in 19th century Budapest to his final days in southern Ontario. A final programme examines his contemporary legacy."
https://www.davidcayley.com/podcasts/2014/11/26/8rgod4irv00ac77zl1d8rxtmbkbkgi
An explosion, when regulated, becomes an engine. The same is true of markets.
An explosion, unregulated, is a weapon of mass destruction. The same is true of markets.
When Adam Smith talked about "free markets", he meant free of economic rents (paying people to own things), not free of regulation.