The issue is that real life is not adaptable. Resources and capital are slow.
That's the whole issue with monopolies for example, innit? We envision "ideal free market dynamics" yet in practice everybody just centralizes for efficiency gains.
That's the whole issue with monopolies for example, innit? We envision "ideal free market dynamics" yet in practice everybody just centralizes for efficiency gains.
The much bigger issue with monopolies is that there is no pressure on the monopolist to compete on price or quality of the offering.
I don't have a better solution, but it's a clear problem. Also, for some reason, more and more people (not you) will praise and attack anyone who doesn't defend state A (ideal equilibrium). Leaving no room to point out state B as a logical consequence of A which requires intervention.