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The obvious answer to that is that while the market is busy 'correcting' itself, aeons can go by with select few 'enterprising' people profiting at great expense to the environment and other people. Usually far away from the 'gainful' epicentre.

Capitalism, however it is dressed up, is an imperfect totality, where survival of the richest maintains it's hold, and the world turns to the tune of the rich. I cannot honestly see how corporate croneyism can become detached from the Capitalist reality.

Of course "capitalism" is imperfect -- because humans are imperfect. Any system we can devise and implement is limited by the human factor.

It's really a relative question -- are market mechanisms "relatively" better than state control? I think so. And it seems to me "anarchism" is just market principles taken to their furthest extreme (I don't believe doing away with the state will turn people into Utopianoids who will share everything and contribute unselfishly to the common good. That's just not human nature.)