Getting the incentives wrong

[phantom power]

1. there are so many ways that pure-market incentives go wrong...

They fail to capture almost all long-term cost/benefit trade subspaces. They fail whenever choosing between options requires too much expertise for a person to acquire. They fail when there is too much time pressure to make a decision. They fail when there is no practical way to provide meaningful options (there are not two road systems to choose from, and there never will be).

Conservatives love to talk about 'economics 101', in which case I assume that economics 101 is not covering all the necessary conditions for a market system to yield any kind of optimal outcome.