The US is a weird ass country cause everything has been privatized. The banks, insurance, energy, water, food, health, telcos, the railways etc etc
Very few countries across the world do that. Govts usually own a chunk of the largest firms in strategic sectors and have seats on the board. Look at Boeing/Airbus ownership and the outcomes. Its just easier to influence large corps when you own them. If you don't own them then Boeing is the latest example in a long line up of large corps, showing everyone how they skirt whatever law and regulation the govt passes.
Very few countries across the world do that. Govts usually own a chunk of the largest firms in strategic sectors and have seats on the board. Look at Boeing/Airbus ownership and the outcomes. Its just easier to influence large corps when you own them. If you don't own them then Boeing is the latest example in a long line up of large corps, showing everyone how they skirt whatever law and regulation the govt passes.