[danans]

Without the private sector utility company, there wouldn't be a mechanism to raise funds from and pay profits to shareholders.

[xboxnolifes]

Sure there would be; raise funds: tax, pay profits: reduce tax / tax breaks. The real differentiator is in the ability to choose who your shareholders are with less scrutiny.

[danans]

I tend to agree, but that's a collective decision and action problem, which we have difficulty with as a society today.