Markets are a reflection of the aggregate intelligence of the participants.
A lot of stupid people = a lot of stupid outcomes
Hence: fast food, shitcoins, sports betting, cheap throw away consumables, etc.
Discussion
a lot of stupid incentives = a lot of stupid outcomes = fiat
investment banking and hyperscaled asset management markets have smart and well connected people. the deck is stacked against most people in fiat markets, including stupid and smart plebs
only Bitcoin seems to hold any hope to solve this part of the problem for many