What the cowardly state does is look at an issue, and then walk away from it, suggesting that whatever a government might do the market could do better. This is, of course, the logic inherent in microeconomic theory as taught to the vast majority of undergraduates who study that subject.
Microeconomics says that markets always do better than governments? That no intervention, no correction, of market activity can ever be useful?
Has he ever actually cracked open an economics book?
Here is the GCSE economics syllabus. Note, GCSE, not even A Level.
6. Market failure
There are only six sections in microeconomics. Market failure is thus one sixth of the microeconomics course.
Students explore the meaning of market failure and gain an understanding that the market mechanism does not always allocate resources efficiently. Students will explore the costs associated with misallocation of resources, and how government intervention can counter this.
One sixth of the GCSE microeconomics course. And yet Snippa perpetrates the nonsense that microeconomics teaches markets are always best?
It would actually be rather fun to impose a test on the Senior Lecturer. Could he, today and without further preparation, actually pass economics GCSE?