Free markets only work for certain markets - and it works in those markets exceptionally well. HOWEVER somewhere in history we decided as a group of people tha

Free markets only work for certain markets - and it works in those markets exceptionally well. HOWEVER somewhere in history we decided as a group of people that free markets worked so well for these specific markets that we will apply this ideology to all markets and that will solve the problems of appropriate capital allocation. This is indeed a fallacy and has led to the rampant problems and the perpetuation of the simplistic & naive belief that free markets will allocate capital properly and efficiently and if the free market doesn't its a function that the market isn't free enough.