This sums up exactly what I think.

Having worked for the British state for nearly thirty years, I have no faith in its ability to be both operationally efficient and flexible.

Not that ‘capitalism’ is necessarily always or invariably better – many large firms operate in highly dysfunctional ways too. But the ultimate threat of going bust keeps them on their toes, whereas government is intrinsically flat-footed. It is just wiser to let the creativity/improvisation of markets come up with solutions where they possibly can.

As Damon Runyon maybe said, "The race is not always to the swift nor the battle to the strong — but that’s the way to bet."