There is no "the market." To some extent, I agree with you for publicly traded markets. I do not think it even remotely holds in the illiquid limit of massive-

There is no "the market." To some extent, I agree with you for publicly traded markets. I do not think it even remotely holds in the illiquid limit of massive-scale private capital investment markets. I would rather that power be wielded by actors exercising public power shaped by institutional constraints than by private actors who can wield it in an arbitrary manner, particularly in the context of a pandemic where there is a huge societal difference between 10 $10 masks and 100 $1 ones.