[7952]

You see this problem in the energy market. The system is owned by private companies, but the government still have all the control. They get to set the rules and then blame evil big business when prices go up. The effect is to shut out smaller producers and lock in the bulk suppliers.

Ironically state monopolies can be very good for small business. The land registry support an ecosystem of companies that help people navigate the arcane system. A private company could just absorb a lot of this and kill variety and competition.