A well behaved market is much more efficient than a government, but there’s no real difference in efficiency between a random corporation and a random government - you really need a diversity of sellers and buyers, privatizing into a monsopony or monopoly is reliably disastrous. Sorry, I know this is off topic but the conflation between “markets are efficient” and “private enterprises are efficient” is so frustrating from both sides.

If the market was critically examining fundamentals and thinking beyond the next quarter, I might agree with you. As it is, by and large it cares about the next earnings report.

I work in fintech, at a market leader. We are wildly inefficient, but there is little interest in fixing it, because we’re making money hand over fist.