governments can also create laws/regulations that can create economic systems that benefit the majority of the population.

But they can't, though. As I said, the economic and psychological.ince gives of central power promote corruption, cronyism, and abuse. Even if they were all perfect saints, though, there is also the economic calculation problem. They do not know what they need to know in order to make auchnplans, and everyone suffers from their honest errors just like we do from their greed and malice. Look into public choice theory for more exploration of how power and money really work in the real world.

The reality we live in, whether you believe it or not, is governments create economic system either indirectly or directly through laws and regulations...

Not only is this a lazy appeal to the status quo, but they don't create economic systems. They try to impose mo start monopolies and economic plans, but economic law exists regardless of their actions.

I'm sure time is short for further discussion, but I don't think your position is tenable. You're relying on circular reasoning, fallacies, and flawed economic theories.