I'd like to offer: both can be bad. Any large system is going to have a lot of inefficiencies, and something to dislike for everyone. But its overall function can still be important enough that taking a sledge hammer to the whole thing is still much more harmful than whatever motivated picking up the hammer.
>Any large system is going to have a lot of inefficiencies
Hence one needs the free market. The govt. typically lack the checks and balance that the free market automatically provides hence it _always_ results in bloat.