This would make sense if our markets were optimising for something useful other than how to extract wealth from workers & consumers whilst providing as little a

This would make sense if our markets were optimising for something useful other than how to extract wealth from workers & consumers whilst providing as little as possible in return. Practically everything on this site is about moats & branding. Of waves of VC money swamping an ingrained industry with the hope of carving out a monopoly. Of google smashing existing competitive markets giving away a better product for 'free' in order to have better surveillance of phools so google can sell their spending. None of this is "efficient allocation of capital". Unless your goal is wealth concentration and the destruction of democratic liberal society. We need a cultural change to lauding regulation that enforces competition in our markets and politics. Otherwise we're on a rapid track to feudalism.