"this socialist scheme never really changed anything, except it distorted the visible prices so that they do not match real costs. now all you've done is made it harder for the market to optimally allocate limited resources."
Unfortunately, "the market" is only going to optimize for the metrics used to evaluate it. When those metrics are almost exclusively "profit" and "shareholder value", the market optimizations aren't always going to align with "societies expectations". Without external pressure, "the market" will optimize for Haliburton being in control of military budgets, investment banking being in control of police departments, and farmers having no phone access.
Unfortunately, "the market" is only going to optimize for the metrics used to evaluate it. When those metrics are almost exclusively "profit" and "shareholder value", the market optimizations aren't always going to align with "societies expectations". Without external pressure, "the market" will optimize for Haliburton being in control of military budgets, investment banking being in control of police departments, and farmers having no phone access.