I expect there'd actually be more fraud under a free market system because catching fraud (past a certain point) is expensive and companies are only going to pu

I expect there'd actually be more fraud under a free market system because catching fraud (past a certain point) is expensive and companies are only going to put the resources into catching fraud if it continues to exhibit a positive ROI. Or maybe NZ bureaucrats are insulated and dedicated enough to do the right thing rather than listen to the outrage of the voters when fraud makes the news, but I wouldn't expect that to be true in the US.