There are cases in which public intervention does not work to the benefit of the community and distorts the allocation of resources. Wealth cannot be produced by law, nor can stable jobs be created. And budget constraints cannot be ignored except at the cost of severe damage.
But where the market runs up against its limitations, regulators can and indeed must intervene, helping it to generate economic growth and employment. No market works efficiently or equitably without public institutions that enforce the rules of the game and guarantee legality and transparency. There can be no solid, balanced development without those collective works that the market, by itself, is incapable of supplying.