On a larger scale, governments are such suckers for private sector exploitation - you see that in any kind of contract situation, from countries to cities to school boards. You can say public service is wasteful and inefficient but I'm not sure it's any more expensive than being ripped off by shady public/private contract deals. And with the public service, at least the wealth is spread around instead of just further adding to the wealth of the 1%, or even the 10%.
Yet again, I am reminded of a quote I read years ago that went something like, "When private business begins to use the public purse as a cash cow, democracy is finished."
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