False equivalency. It is possible to gain wealth without performing any of the listed/possible negative global effects. Furthermore, it is a backdoor towards injecting ideas of poverty being a morally positive position.
> Even if markets were free, there's nothing inherently good about a free market. What's good is a free society, where people in aggregate have substantive freedom to do what makes them happy.
Having a free society implies the freedom to exchange with each other with minimal restrictions. Not allowing people to do so runs opposite to the ideals of the stated intention.
--------------
All that being said, that *doesn't* mean that the current market's working as intended. What has been inherited is a complex tangled ball of national ideals, personal & corporate persuasions to governments for their own reasons/goals, & consistent global coordination failures when circumstances change.
But the outright banning of markets is equivalent to the banning of hammers, just because hammers are sometimes used to bludgeon people to death. It is ultimately a tool, and a very useful one in terms of signaling demand & supply.