> Ideally finance is meant to be about allocation of capital. If a market is allocating capital to a dying company just because meme, then the market isn't serving its purpose.

Do you believe in it's right to give power to somebody, whether it will be a government, private party, or a class to rule over allocation of capital, and decide whose capital allocation is good, and whose capital allocation is bad?

There is a country that tried, they name to it was USSR.