The market decides, which is a collection of signals from an amount of players that outweighs any one individual.
It is a much better method of concensus than regulation when no involuntary third party harm exists. It ensures those that have a stake are able to vote, where the size of your vote is proportional to the resources dedicated. Of course not everyone has equal voting power. Why should they when it comes to privately consumed goods and services?
Because it turns into an exploitation shit show incompatible with a stable prosperous society if we just satisfy your fetish for the perfect embodiment of abstractions like “the market.”
It is a much better method of concensus than regulation when no involuntary third party harm exists. It ensures those that have a stake are able to vote, where the size of your vote is proportional to the resources dedicated. Of course not everyone has equal voting power. Why should they when it comes to privately consumed goods and services?