Yeah, well, don't heap too much praise on private enterprise.
My son, an admittedly anecdotal source, has been doing whatever the heck a programmer does since he finished his military service and got his degree. So, about 20 years experience.
After 15 years at Yucca Mtn., he lost his job to Harry Reid's insane fear mongering. He then went to work for Nevada Energy, a power company who has multiple state enterprises. They have invested as much or more in a program to track their real estate holdings. Years of work, hundreds of millions and the thing simply didn't work. My son invested 2 yers full time cleaning up this tangled mess and as a reward, his job was outsourced. Of course, they quickly discovered that his team of Indian replacements (who they forced him to train to get his severance) that they were just as lost and making things worse. So, they quickly called him and offered him his job back (after Warren Buffet bought the company).
I am proud to say he told them where to shove their job and is now lead programmer at our University. So, when more than one or two people work on projects over a long time period, you usually end up with a dysfunctional mess. Now, add to that the normal utter incompetence of government....well, I suppose its always possible to make things even worse. But the theory that this should have worked out of the box was a bit optimistic. If it had been given to the much vaunted "private enterprise" it likely would have provided good jobs for East Indians and wouldn't be any more functional than it is now.
Certainly private industry can be very good at things like making money. Just cut wages, hire your friends as "managers" and outsource your work. Why before you know it your stock will be up 50% (using nearly free loans to bankers) and you can give yourself a 50 million dollar bonus for saving all that money by screwing your American employees.
