There is something to note here, the "free market" is a pretty wide term, goes from corporate anarchy to heavy regulations with everything in between. I agree

There is something to note here, the "free market" is a pretty wide term, goes from corporate anarchy to heavy regulations with everything in between. I agree that it is the right pattern to organize into as in "freedom for private enterprise to provide goods and services" but it not necessarily the right way to handle retirements funds. Overall I am quite far on the side of regulations, claiming that free market needs to be constantly beaten into shape to keep it a meritocracy. you could say that this is the free market greatest strength: private enterprise and public government can have a dynamic dialogue trough regulations often with an almost symmetric power structure (when things run smoothly).