That is one view.
The other view is that privately run companies function much more efficiently and effectively due to natural market incentives.
I actually do agree with this second view. Having worked for both government organisations and private organisations, the difference is huge.
State run organisations are slow and underfunded. But the biggest problem is that they have no feedback loops so they get worse over time. There is no one to hold them accountable.
With Private organisations, if no one is buying your product, you die. With public, your organisation could be a complete disaster and yet you still have unlimited access to capital. It’s at the whim of the government.
I used to be a massive NHS fan, but I do think there is now a great argument for privatising everything; clearly the NHS (and education systems) are close to breaking point.
The big problem with this argument though is that health care is privatised in the USA and has led to a massive amount of problems due to corporate greed.
So it seems like we are stuck between a rock and a hard place.