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One of the functions of government should be to provide a regulatory framework for various facets of the economy which encourages free enterprise but punishes fraud.
Unfortunately our government thinks it knows better than the market and government interference creates distortions in markets/business cycles to our detriment. An obvious example is the first home buyers grant which pushed house prices higher than they should have gone and has kept them higher for longer, the ultimate result of which is that Australian honeowners are far more indebted than they should be and far more exposed to a downturn in the economy. Who benefitted from that poilcy - banks through profits on loans and government through increased tax revenue.
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