Absolutely not, and neither does a laissez faire system.

Gov't does more to perpetuate monopolies now than a true free market system ever would. One need only look as far as the telecommunications, insurance, defense, agriculture, media, and banking industries (as well as many others) to come to that conclusion.

Entry into those markets are tougher than ever for budding entrepeneurs due to strictly enforced gov't regulation advocated by industry lobby groups.

Media alone has gone from being controled by 53 companies in 1981 down to 6 companies today. Thank the FCC. This is what we call free markets?

We live in a world of soft facsism, or corporate/gov't collusion.