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Why free markets typically secure more economic prosperity than government's centralized planning?

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1. Several reasons probably. 1. Talent level. Most really talented people don't go to work in government. 2. Competitive discipline. In government run industries there is typically no competition to show you up when you do something wrong. Mistakes just perpetuate. 3. No capital discipline. Markets will not fund a business that isn't making a good ROI. Government can simply ask for more taxes. 4. Markets where millions of people are making decisions for themselves are simply a lot "smarter" than ones where a handful of "wise"men try to guess what and how much to produce.
2. In free markets, people, both as producers and consumers, directly experience the consequences of their actions. Hire idiots, you fail. Buy cheap crap, you get dissatisfied. Etc etc. Govt workers, however, have no direct stake in anything! They're just working with taxes (other ppls' money). Second, centrally planning on the behalf of millions leads to scenarios where you 'can have a car in any color, as long as its blue'. Maybe someone somewhere wants red? If economics is about satisfying wants, then this is a very uneconomical situation. Third, it is easy to bribe a few people at the top to use your product in their plans, or to limit prices of a product you need. Not so with the headless, merciless, meritocratic beast called the market.
3. Competition.