If you don't like the results of free markets, and aren't impressed by the ability of regulation to make markets work better, you may consider turning to direct government ownership. Ability and Knowledge Problems with Government Ownership Government ownership seems to offer even simpler solutions to the problems of markets than regulation does. Have the government produce the socially efficient level of variety.
Typical estimates are that government uses twice the inputs to get the same output.
Operating way above minimum efficient scale. But these might be less severe, since the government produces the goods itself. Transfer prices when there is only one producer. Governments tend to use over-simplified statistics to make decisions, and ignore other facts. Little or no reward for innovation.