[dredmorbius]

The fiction of markets is that costs and value can be reasonably determined. The truth is that in far too many instances, they cannot. Surface appearances or gross misbeliefs drive costing or valuation models and behavior, and as a consequence, goods are tremendously disvalued.

That's on top of the problems of externalities in which the costs or benefits aren't fully contained to the producer or consumer of a particular good or service.

A misprioritisation of values is what the drunk waking up with a hangover, the sweet-tooth spending 40 years dealing with systemic effects of diabetes, or the smoker suffering 20 years of emphysema and COPD comes to realise. The externalities are the drink-driving victim, the socialised medical costs (and privitised profits of the sugar firms), and the 2nd and tertiary smoke victims.

There are rather larger issues far more fundamental than these in the modern industrial economic system, but I'll spare you that lecture.

The point being that trusting on "the market" to offer corrections simply doesn't work.