People: Market liberalism's achilles heel?

[🐒Gods of Prosperity🔱🐲💸]

It doesn't make sense to claim that markets are inerrant. I'm not really sure what that would mean.  What markets do is they provide options to people.  Sometimes the options available are not satisfactory.  But in a free market there is at least the opportunity for a satisfactory option to be developed, though the actions of other firms in the industry can make this more or less likely. 

The fallibility of people does play a major role in the market.  It plays a major role also in any sort of economic planning - and in that case, the knowledge required for any decision would need be explicit and concentrated in a single governmental body that is supposed to know what the entire population needs and wants at any given time, and would have a much lower likelihood of being subject to corrective pressures.