Are free markets indeed free?

The following is an excerpt from doughnut economics that I felt obligated to share...

Markets (and hence their prices) are strongly shaped by a society’s context of laws, institutions, regulations, polices and culture. As Ha-Joon Chang writes, “A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them. From passports to medicines to AK-47s, many things cannot be legally bought or sold without official license. Trade unions, immigration policies and minimum wage laws all have an effect o a country’s going wage rates. Company reporting requirements, the culture of shareholders primacy, and the state-funded bail outs all influence the level of corporate profits. Forget the free market; think embedded market. And, strange though it sounds, that means there is no such thing as deregulation, only reregulation that embeds the market in a different set of political, legal and cultural rules, simply shifting who bears the risk and cost and who reaps the gain of change.

What do you think? Do you look at markets very different from how you used to?