alt Hacker NewsI don't know if you are being sarcastic. But no, it's not an "utopia" by any means and the free market still has many pitfalls and problems that I described. However, is the best system we have to coordinate the production, distribution and purchasing of services and goods on a mass scale.
Somehow the last sentence of your comment caught me as if there's something wrong with it. I don't thing it's wrong, but I think it should be generalised.
Free market is an approach to negotiation, analogous to ad-hoc model in computer science, as opposed to client-server model - which matches command economy. There are tons of nuances of course regarding incentives, optimal group sizes, resource constraints etc.
Free market is also like evolution - it creates thing that work. Not perfect, not best, they just work. Fitting the situation, not much else (there is always a random chance of something else).
Also there's the, often, I suppose, intentional confusion of terms. The free market of the economic theory is not an unregulated market, it's a market of infinitesimal agents with infinitesimal influence of each individual agent upon the whole market, with no out-of-market mechanisms and not even in-market interaction between agents on the same side.
As a side note, I find it sadly amusing that this reasonable discussion is only possible because it's offtopic to the thread's topic. Had the topic been more attractive to more politically and economically agitated folk, the discussion would be more radicalised, I suppose.