That doesn't follow. "People are still behaving naively and being exploited, ergo, the market isn't getting smarter".
And as an aside: if one is to assume consumers and the institutions that collectively make up the market aren't getting smarter, it would be total irrational to assume voters, regulators and politicians are. The political and regulatory system is teeming with corruption, meaning that expanding the power of government over private interactions could lead to far more exploitation, not less.
