One must remember that economics are a discipline but not a science.
There is no such thing as a free market, a convenient social fiction, at best, deliberate obfuscation of naked power at the worst.
Business drives most regulation, and that regulation is designed to minimize risk, not to conform to the creative destruction that drives true competition.
In the free market the best product would win, but this is obviously not the case because innovation is not only phased in but it's patent protected.
Please explain how a limited liability corporation can possibly operate in a free market when they are protected from the damage they cause?
Free market is a willing seller, a willing buyer, and the knowledge that if you cheat someone you personally will be ridden out of town on a rail or hung at the witness tree.
In any true market historically low interest rates, near historic low taxes, large cash reserves and a multimillion member unemployed/underemployed workforce would be forced by the invisible hand of the market to expand, improve, and innovate, instead it's a risk managed casino game with the inherent house advantage enhanced by the political advantage of the power of money.
Economics like religion requires a faith that belies reality and both rely on the invisible god or market that only believers can see.
"He mocks the people who proposes that the government shall protect the rich and that they in turn will care for the laboring poor."