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A free market cannot have oversights or constraints. If it does it's not free. Free markets have never worked. Will never work. And simply can't exist. Either powerful entities will seek to control the market for themselves. Or if you're lucky benevolent people in government will do their best to control the markets against said group. Someone is always controlling it.
The best we could ever hope to have is a fair market. And the only way to have a fair market is to have a market that is completely optional. Markets that deal and necessities can never be optional. Because Necessities are not optional.
I don't care what they charge for luxury housing or fru fru fancy food. But we can and should provide desirable public housing and basic nutritious food for everyone. And if they want a luxury house. Or fancy food. Any of us are free to work to get it should we choose to. But the point is choose to. Not be forced to under coercion for basic survival.
Not true. Without oversight, you get corruption and monopolies, and the system collapses.
Correct. But both preclude having a free market.