Correct, absolutely correct. Free markets are based on trust. Trust is experiential, but it also reflects the natural world. When you see economic oddities for instance interest rates going down when they should be shooting up to reflect risk, you’re natural understanding of the world is broken.
Socialism breaks the natural consequences via political manipulation by those in control of government. Bets get bigger because government will intervene, hence too big to fail. That destroys trust.
If the history of the World proves anything, it is that market forces cannot be indefinitely manipulated. They eventually correct, sometimes precipitously, sometimes slowly.
That history also shows the contest between the “something for nothing” believers, and the “return for ones effort” people has gone on since began.
It will continue to go on.
Meanwhile, we all have to function the best we can, day to day.