I specifically said externalities are real problems that bear addressing.
The problem is that once politicians are turned loose, they never stop. They cannot stop. They can't say, "well done, problem solved, let's pack up and go home." That would mean giving up their hard-won power -- and the concominant benefits to themselves and their friends that came with it.
So they must always seek yet another supposed outrage to feed their power. When they can't find one, they manufacture one, to increasingly absurd and implausible lengths, eventually wrecking the system.