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Supply/Demand, do you support this type of Economic System?

Our Supply and Demand system in this economy is a working system with a few faults, just like any other economy. When a high demand in the country arises, our government does a good enough job in trying to supply that for consumption. Does it sacrifice quality for a speedy product? Unfortunately, yes. But does that mean when they product breaks down, will the consumer buy it to replace the broken one? Fortunately for the company making the product, that is the nature of consuming good and services. 
Compared to other Economic Systems, we really don't have it that bad. We could have every good that we ever need belong to the government. We could also have taxes on everything that we have ever needed or wanted. Unfortunately, this economic system does have it's own set of issues. Poverty, theft, over use of resources, etc.