A market failure should be corrected by a nationwide policy of minimum alcohol pricing.

The market can address what has been a market failure.

Before we think about solutions, though, we should identify the problem - that ownership failure can be a bigger problem than market failure.

He talks about market failure, but not about state failure.

The market failure that led to our present crisis was in large part fuelled by the shorttermism of capital solely concerned with building shareholder value.