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"Why is this outcome attributed to an unregulated market and not a group of horrible, horrible people?"

How can you separate the two things? The reason we need to regulate things in general (not just economically, but in terms of all laws, etc) is because there are a significant amount of bad apples who will act horribly (though admittedly rarely to the point of murder/massacre) for personal gain if unchecked.

If we lived in a truly utopian society where people always acted in the best interest of the entire community then unregulated capitalism would work fine, but so would pure socialism. We obviously don't live in such a utopian society so both extremes fail miserably.




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