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by nicoburns 650 days ago
> The free market ... feels like something has gone terribly wrong.

Well yes. It has done for several decades at this point. It's a classic case of Goodhart's Law "When a measure becomes a target, it ceases to be a good measure". In this case the measure is the market price of a good/service and/or the profitability of a business. It is assumed by free-market capitalism to be a good measure of societal value, and it was, more or less. But over time that's become less and less true as people over optimise for the metric.