well see this is where we get into the sort of argument where all the beneficial outcomes of a "free market" are attributed to the market, and all the bad outcomes are attributed to "regulation". In any case, it still doesn't address the fact that myrkul claimed there was too much regulation is favor of unions/labor power. If that was the case, why would compensation be so skewed towards the ultra-elite?
Not quite. There will be problems with every system. The problems that cannot be fixed by the free market are unfixable without unintended consequences that are actually worse. It's the best of all available options, but far from problem free.