They don't seem to. People who exploit the reality of markets, that they are vulnerable to hype and speculaiton, seem to run away with more and more money, lead

They don't seem to. People who exploit the reality of markets, that they are vulnerable to hype and speculaiton, seem to run away with more and more money, leading more and more people to engage in fraudulent SPAC dumps, meme stocks, lobbying for Trumpian deregulation, Tesla levels of fanbase engineering, and wash trading crypto coins. The market is rife with information asymmetry that seems to be increasing, and for it to trend toward efficiency, we would need that to be trending downward.