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No, it is a comment about the idea that the failures come from it not being free enough.

Saying that something demonstrates the dangers of x by saying that the things that are wrong with it are features of it moving in the direction of x is not the same as saying that the thing is x.

I could say that something nearly catching fire and getting badly scorched is a perfect demonstration of the dangers of fire, but that would not mean that I think that the thing has actually caught fire, it just means that I am using a perfectly normal rhetorical device to describe that I think that the fire is a danger.

The part you quoted doesn't support your argument, re-read it and then disagree with what was actually claimed if you'd like.

OP:

"perfect demonstration of the dangers of a completely free market"

You:

"perfect demonstration of a completely free market"

Do you see where the difference is?