> the entire industry up until this point has been going about it wrong?
but it sometimes goes about it wrong.
> Capitalism on its own isn’t __always enough__ to ensure that successful products get built.
You are building up a strawman and attacking it with very hostile language. I would also disagree with your assumption that governments are inefficient, as there are good examples of efficient governments. Governments can get it right too, and the parent comment certainly isn't suggesting that governments are always right.
Every criticism you have levied: "burn[ing] down good ideas", "wasted untold billions on failed projects", "short sighted"-ness also have examples in the private sector and even with public companies.