I'm a big proponent of understanding why it works that way and trying to ensure the market works for us, not against us, and therefore I don't think letting it run unfettered is a good idea. I also don't think deliberately misunderstanding and demonizing it, then applying foolish and poorly-thought-out first-order-thinking-based controls are a good idea either, which is by far the most common alternative. It's like demonizing gravity and trying to legislate antigravity into existence.
There are certain things markets are not efficient or even particularly good at.
I also don't think deliberately misunderstanding and demonizing it, then applying foolish and poorly-thought-out first-order-thinking-based controls are a good idea either
Agreed. We probably need a better understanding of meta-markets.
Not if you're espousing the woo-woo of market infallibility. markets are very good at lots of things. They aren't great at everything any more than Bayesian filters or genetic algorithms are infallible oracles.
Some exceptions for truly ideological-only propaganda, sure, but those are the exceptions.
Market infallibility woo-woo is ideological propaganda.