Their have been no market failures except in those markets perverted by the intrusion of government.
Markets are pure. By definition, they cannot fail, unless tampered with.
While many market failures have political roots there are also many that happen with no government involvement whatsoever, i.e. Microsoft and the Ford Pinto.
Markets are pure. By definition, they cannot fail, unless tampered with.
Only in Chicago school fantasy land. Even Adam Smith recognized that markets weren't pure and that market players would work to unfairly weigh things to their advantage.