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" ... That is what many of us believe. Our beliefs have taken some knocks of late. Reality has made us adjust our worldview somewhat in recent years. We have all discovered that, too often, privately owned businesses suffer from comparable ills. One need only mention the banking collapse and its epiphenomena, the too-big-to-fail syndrome and the like. Daily life furnishes innumerable further examples, from waiting on hold endlessly disputing a bill to waiting for months for the return of a rental deposit. The axioms distinguishing 'private vs public' have crumbled more than we would like. While state enterprises tend to operate for the benefit of the employees against those of customers, we have found that large corporations tend to operate for the advantage of shareholders over customers. Still, at least the private world offers alternatives in a free market. ... "