Thanks for posting.
The dominant philosophy of think tanks like Heritage has been that all they need to do is inform the small minority in control of society to the facts of economics and other disciplines and the small minority will do the right thing.
When the USSR fell, they concluded “We won”.
People at Heritage type places were clueless to the intransigence of the minority in control. The Heritage types were mistaken in thinking that facts would change the minds of the intransigent.
You’re right. We have learned that capitalism and a democracy doesn’t run entirely on auto-pilot. It is massively susceptible to corruption and fraud.