Debreu and the mirage of the market we've never had

TL;DR

Economic theory, specifically the Arrow-Debreu general equilibrium model, shows that prices can efficiently coordinate millions of individual decisions without central authority.
Countries with well-defined property rights, effective competition, available information, contract enforcement, stable institutions, and absence of violence are richer, more equitable, and environmentally sustainable.
Colombia faces significant challenges due to informality, violence, coercion, and state capture by private interests, leading to 'state failures' rather than 'market failures'.
Reducing government size is beneficial but not sufficient; a functional economic order requires a limited yet strong state that protects life and property, enforces contracts, ensures competition, and provides regulatory stability.
The issue in Colombia is not market failure, but the lack of conditions for a market to fully exist; the task is to enable it, not replace it.
The current political climate, with peace processes and 'total peace' initiatives, alongside control of state apparatus by certain groups, poses an existential threat of communist totalitarianism.

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