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It goes to a serious flaw of Laissez Faire economics. It has too optimistic an Enlightenment view of human rationality, thinking that in a completely free market, rational decisions will be made. Just ain't so. Rationality is a difficult human achievement and often unobtainable. Too many stupid decision in a free market can undermine a whole society.
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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13
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