Markets are not infallible

‘There is an almost automatic reflex reaction in our current economic culture to the effect that markets are infallible while governments are so prone to error that they should just withdraw and keep out.... this view is ripe for re-assessment’ writes Michael Meacher MP in a scathing critique of outsourcing and privatisation failures - in rail, public utilities and welfare services:
http://www.tribunemagazine.org/2013/07/the-state-were-in-because-of-anglo-saxon-market-extremism/