When I think of governing, I think of the lawn mower part called a “Governor”.
“To control engine speed, a mechanical governor uses gears and flyweights inside the crankcase to detect changes in the load and adjusts the throttle accordingly.”
And basically, that is what governments do. They’re load and speed adjustors.
A “free market” would be an engine whose parts are not fastened together properly. Some parts run faster than other parts, gears start flying away, other parts of the engine stop serving the functions they once served, until it’s a pile of parts.
What governments need is *tuning* but not elimination. “the market” is not a governing body and can’t replace governing as they have different aims. Cohesion is not an element of a free market for example.
The theory free market rides on is the notion of “the rational man”: that man is a self-governing, logical entity on his own without a society. Needs no support structure, can “self-drive” without needing any resources.
From that logical unit, a rational market can be built out of self-governing units that coincidentally have identical aims and goals without need of instruction.