That doesn't negate the truth conveyed by the quote... government is often horribly inefficient and many people don't want the so-called "help" the government forces upon those people.
I certainly know I could manage my retirement funds more efficiently than the government. I dislike all the "help" I see government doing when it often produces worse results than anarchy.
A decent democratic government at least over here in Scandinavia, try to make life on average as good as possible for the majority.
Funny you should mention pensions... Govt probably knows many or even most regular people are completely uninterested in pensions and/or “the market”.
Many could need help or even be forced to set away money they otherwise wouldn’t.
This is where the Swedish govt put you money if you didn’t chose yourself:
I certainly know I could manage my retirement funds more efficiently than the government. I dislike all the "help" I see government doing when it often produces worse results than anarchy.