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He is correct, though. But, if you think about it, the current economic frame was developed in the late Victorian Era. Exploitation of commodities drove it, and thus "free market" meant a way to efficiently exploit commodities. This still works, essentially. However, human capital is now a global commodity, though rent, food and services are NOT globalized. So your earnings will be hurt by the "efficient" market, but your rent does not go down, and you food still costs the same.
You can spout theory all day, but people will not accept hunger and insecurity. Unless rent and food can be made as "efficient" as labor, this free market system will produce tension.
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