Account for widespread suspicion-especially on the political left, but it can and definitely used to show up on the political right as well-that praise of the market system by economists is greatly overblown?

Some of the primary arguments against the market system have been the increase in wage inequality and economic disasters like the 2008 financial crisis. Both political sides have used the increase in wage inequality to argue that the market system is broken. They are likely to source issues like the 2008 financial crisis as evidence that the extremely wealthy are ruining the economy, and the average person is taking the brunt of the costs. While these claims are not unfounded, it is important to consider that the market system itself is not to blame but rather the management of the system. For instance, the 2008 crisis was a market failure that could have been avoided through proper regulation.