The problem is that some elements in society have become extremely effective at creating a perversion of "stuff people want" for their own benefit. They exploit loopholes in the system, whether by preying upon the poorly-informed, shifting costs onto externalities that we can't price properly, engaging in corruption, or producing items of questionable actual value but very attractive perceived value. They take advantage of our desire for easy answers to our problems with minimal effort expended.
Case in point: Ponzi schemes, coal power plants, Halliburton, the tobacco industry, Zynga, and even to an extent, religion
We've tried to control this with laws, education, and social norms, but ultimately it seems the invisible hand reigns supreme.