Markets are nimble and efficient, gathering the collective but disbursed intelligence of the economy's players and communicating up-to-the-minute realities of prices, product availability, etc. Government is typically cumbersome, plodding, and slow.

Money spent in complying with a regulation cannot be spent again on marketing or product research.

The government doesn't create wealth of its own; it can only take it from some and distribute it to others or dictate particular public uses of private resources.

Political changes and reforms do not usually favor the general populace. They benefit those who are positioned to best organize and advocate for their policies.

The more government does, the greater chance that its efforts will be tilted toward a particular group's good, instead of the common good.

Today, the law is a crazy quilt of provisions and clauses that very often have little to do with securing general happiness but instead are designed to secure the particular happiness of various advocacy groups, politicians and bureaucrats.

Markets help people pursue their happiness more efficiently and effectively. Because they are so effective, markets provide benefits right here and right now, even while government is busy batching the protection of happiness.