Government regulation or free market economy and why?

[Anjaree]

The free market will create market failure,moral bankruptcy and violation of the 10 commandments.It will create a bubble and burst in the short run. The damage is huge and widespread to the grassroots.There is also negative externalities, and mostly will damage the environment.But government intervention will create market failure, inefficiency,deadweight loss, and democracy with dictator.
No one can say for sure which system is the best. But socialism + market economy or social market economy and mixed market economy are in use. A new capitalism is in the process of development.This time is by a real sociologists.