To be honest, it's really only oxymoronic in a very limited slice of America. It has come up a few times on HN that the definition of freedom varies wildly in different parts of the world. As an example, take healthcare: in the US market driven healthcare might be the freest freedom that ever freedomed - but elsewhere social safeties that allow residents to live the best quality of life they could are considered to be the highest freedom you can achieve. While health issues are a regrettable part of the human condition, a society might want to strive to minimize the amount of stress spent by individuals on particularly bad die rolls by their bodies and fate allowing individuals the freedom to spend their time more according to their wills. Even "free market" US healthcare comes with a number of regulations - I'm not certain if you were alive (and paying insurance) before pre-existing condition coverage was guaranteed but a lot of people ended up unable to even secure insurance in that world, it was awful.
Regulation is a firm requirement to a free market, without regulation of any kind you will pretty quickly descend into authoritarianism as whoever has the biggest stick will just take everyone else's stick. While there definitely are dangers at the other end of the spectrum if you're fanatically at either end you've got to ignore a whole bunch of pretty well known issues.
It’s oxymoronic everywhere based on the definition of the terms, and not just in “limited parts of the US”. It’s Orwellian doublspeak. No amount of mental gymnastics changes that.
> Regulation is a firm requirement to a free market, without regulation of any kind
I agree, but there are lines that when crossed either negates or greatly lessens the overall benefit for most people outside of vested interests.
> you will pretty quickly descend into authoritarianism
Moreover, historically speaking - centralized economic planning tends into devolve into tyranny vs systems with primarily free markets.
This is also much less about protecting consumers than it is about protecting old French incumbents who are unable to evolve.
Regulation is a firm requirement to a free market, without regulation of any kind you will pretty quickly descend into authoritarianism as whoever has the biggest stick will just take everyone else's stick. While there definitely are dangers at the other end of the spectrum if you're fanatically at either end you've got to ignore a whole bunch of pretty well known issues.