> Not necessary, since markets have been proved to be quite prone to corruption themselves. Markets actors can be corrupt, but the market itself is supply/dema

> Not necessary, since markets have been proved to be quite prone to corruption themselves. Markets actors can be corrupt, but the market itself is supply/demand driven. Corruption in central planners however is catastrophic. >Not necessary, they can just take quick actions. Markets can't predict the weather either. Markets don't predict complex systems, they are the complex system. They trend towards equilibrium when possible. Guessing where that equilibrium lies is nearly impossible for humans, but they try everyday. >3) Never sleep or take vacations. Never bought anything after 9pm? Amazon isn't a bad place to go for that, or Walmart, 7-11, nightclubs, bars, restaurants. Also while exchanges close there is after hours trading, orders being placed etc. The second the opening bell rings on the exchange there is an implied opening price that is different from yesterdays close due to 24/7 activity. >Not necessary, since the market has proven that it's doesn't result in any 100% perfect arrangement regarding needs either. Read about Boris Yeltsin's trip to the Clear Lake grocery store in the US in 1989. The US Market had better performance than Soviet central planners at stocking a grocery store according to demand. >The needs of a huge percentage are ignored (to the point that they can even die homeless and sick), 0.1% controls 80% of the wealth, and even individuals are taught and conditioned to make bad decisions all the time for their own needs, destroying themselves in the process (e.g. having easy credit pushed upon them, etc). Payday loans are an interesting phenomenon. Maybe they should be illegal, but no one in there right mind would charge anything short of usury rates with default levels as high as a payday loan operation. You are free to go head to the bad part of town and start lending at prime rate, but you will be destitute in one week. The alternative is no loans which may be better. Also in the US homelessness seems to be driven not from economic problems but from mental health issues and addiction. You may get hit with a massive medical bill, but without making a lot of mistakes along the way you will have a roof over your head. >All those arguments presume the market is 100% perfect, or even if they don't presume that, they still ask that the "planning system" should be 100% perfect (instead of just better than the market which would be a more logical demand). Those arguments say that to be better than an imperfect chaotic system, you have to be able to perfectly model that system then make decisions about it.