"blind faith in the market"

Sayeth Barak Obama (peace be upon him):

The basic idea is that if we put our blind faith in the market and we let corporations do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper.

I'd like to respond to this sentiment of our President:

His basic idea is that if we put our blind faith in the government and we let the politicians and bureaucrats do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper.

Given that more Americans are organized in corporations than in government bureaucracies, even the moral fallacy of being for the "greater good" being defined as benefiting the most people fails to support His radical views.  On the practical front, I challenge anyone to find a place on this planet where a centrally planned (i.e. government run) economy has ever lead to prolonged prosperity for the citizens of that nation.