It's a broken market because it's a rigged market. For all my endless harping, I don't think capitalism is pure evil. I think crony capitalism, and I believe that is what it means when we talk about "late stage capitalism," certain winners are allowed to buy the rule makers, which concentrates wealth, which allows more spending on rule makers, etc etc.

If we had guardrails, capitalism could do what it's supposed to - See a need/want, meet that need/want, make a reasonable amount of money which gets spent on other needs/wants.