I feel like I'm not adequately answering many questions. I reread your first line

I didn't mean embezzlement but hiding facts from the customers.
and a simple answer to this is "does government do any better?" If we're competing on who hides more for its constituents, private enterprise or government, I think the clear winner is government

Statism is like the God of the Gaps fallacy used by creationists. Instead of "God" being the answer to anywhere science hasn't figured things out, "government" is the answer to any holes in capitalism. Just because somebody can point out an imperfection of markets doesn't mean that the automatic response of government intervention is better.

As poorly as markets work (in an ideal sense, they are very poor), government intervention is substantially worse. This may not be categorically true, but it is mostly true, and I think the onus is on intervention supporters to demonstrate exactly where and why their specific policies are better than the market. We have overwhelming evidence that the markets work incredibly well, and very little evidence that government works well. Likewise, we have very little evidence that markets cause enormous problems, and overwhelming evidence that government does