The thing is that the notion behind the word is useful! A lot of markets are mostly free, so theories engendered from it can work decently well. But we always

The thing is that the notion behind the word is useful! A lot of markets are mostly free, so theories engendered from it can work decently well. But we always need to remind ourselves that the spectrum exists, and that reality will not match the theory unless many conditions are met. A bit of a trite theory is that people in the right have so internalized the misconception that they now believe it.