It is patent nonsense to value the whole by the price at the margin. What that implies for marginalist macroeconomics is left as an exercise for the readr.

Given that the price at the margin is determined by "scarcity value", pricing the whole lot as if 99%+ were not for sale isn't even pretend economics.

"When you have a hammer, every problem looks like a nail" seems like an apt aphorism for those whose maths extends only to linear algebra.

However the value of its simplicity lies in its utility as an ideology.  Every fool can explain to you how the "the market" works and how that is better than state bureaucratic allocation of resources.

It is the foundation stone for the neo-con political project where the freedom of the few to buy and sell at the margin is expressed as a feature of the entire system - when the reality is that most have very little they can sell or buy - and are forced sellers into a labour market regardless of the price available.

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."