When market mechanisms lead to a sub-optimal outcome "within" the economy, that's called a "market imperfection" or "market failure". The fact that these things exist show that "the free market", while perhaps the best system ([Citation needed]) is certainly not perfect.
On the meta-level, should the fact that "the free market" wins out even though it is perhaps not the best system -- at least according to many (most?) people's morals "du jour", however long that is -- be called a "meta-market imperfection" or a "market meta-failure"?
On the meta-level, should the fact that "the free market" wins out even though it is perhaps not the best system -- at least according to many (most?) people's morals "du jour", however long that is -- be called a "meta-market imperfection" or a "market meta-failure"?