As a casual observer of the markets since 2007, one thing I find striking is that markets are driven by greed & FOMO, anxiety & panic, rumors -- not reasonable risk anticipation and accurate future forecasting. They implement collective stupidity more than collective intelligence
As such, "the markets will solve it" isn't a great problem-solving strategy (e.g. climate change)
Markets are irrational, not even suitable for simple optimization problems. They do a very poor job at incorporating all available information (e.g. experts who spent February warning us)
