> But this isn't what the whole US system is built around. That's (at least part of) the problem. As others have pointed out elsewhere in this discussion, many of the things Andreessen says he thinks we need to build are thinks that the free market would like to build, but can't because of legal and regulatory barriers.
Really? Which thing? I haven't really been sold a narrative that "regulatory barriers" are in the way of securing domestic manufacturing capacity or building high speed rail. It's securing the initial and sustained capital to build the systems.
> That said, it is true that free markets are a tool, not an end in themselves. Free markets can help you to provide goods and services as efficiently as possible, but they can't tell you which goods and services should be provided and which should not. So free markets on their own are not enough to have a good society.
Folks misinterpret the literature around free markets all the time. They do not make guarantees of efficiency. Neither does centrally planned economies. The idea that either one is inherently more efficient is the legacy of various propaganda campaigns.
> So free markets on their own are not enough to have a good society.
All that said, I do agree strongly that this is true. To some extent, no system inherently promises this. It's just that some systems guarantee equity cannot be sustained (e.g., capitalism or despotism).
As long as American society implicitly believes in the Hayek-ian notion that freedom exists to empower the hypothetical Galt's that they dream exist and imagine that America's moneyed aristocracy serves an important function of assigning value simply by virtue of their spending, no among of free marketspace will fix our problem. Folks have been duped into buying into a scheme where they think they need aristocracy to survive.