The market is just an optimizing function. Perhaps the problem is not competitive markets but rather the structure of the market, e.g. the optimization paramete

The market is just an optimizing function. Perhaps the problem is not competitive markets but rather the structure of the market, e.g. the optimization parameters & feedback loops.. For example, a common criticism of the medical market is that without accurate quotes, you cannot price compare- thus it's not a properly functioning free market with the appropriate feedback cycles, and the free market approach to fixing it would be to improve price information.