It seems likely that the reason people dislike markets is simpler than has been postulated. For every person, they will have pet issues. The market will simply ignore most of them. Thus, the people blame the market for not getting what they want. They will wish to distort the market to get their specific item, that is, to destroy the market.* They won’t agree on how to change it, but the destruction will be agreed upon.
*The market does not care about your issue unless there is an outlandish amount of money you are willing to pay, either alone or in aggregate.
**Even small distortions can vastly change the outcome in an unfavorable (to efficiency) direction. The recent quasi-depression can be blamed at least in part on such a distortion in the housing market.
It seems likely that the reason people dislike markets is simpler than has been postulated. For every person, they will have pet issues. The market will simply ignore most of them. Thus, the people blame the market for not getting what they want. They will wish to distort the market to get their specific item, that is, to destroy the market.* They won’t agree on how to change it, but the destruction will be agreed upon.
*The market does not care about your issue unless there is an outlandish amount of money you are willing to pay, either alone or in aggregate.
**Even small distortions can vastly change the outcome in an unfavorable (to efficiency) direction. The recent quasi-depression can be blamed at least in part on such a distortion in the housing market.