It turned out that markets on their own weren’t able to automatically distribute gains fairly or spur developing countries to grow or establish democratic institu-tions. Jake Sullivan the U.S. national security adviser said in a recent speech that a central fallacy in American economic policy had been to assume “that markets always allocate capital productively and efficiently – no matter what our competitors did no matter how big our shared challenges grew and no matter how many guardrails we took down.” SHOCKER. WHO COULD EVER HAVE PREDICTED THIS MYSTERIOUS OUTCOME.