From what I understand this is the norm in the US. For another example, see credit reporting agencies. Control of critical infrastructure is given to private co

From what I understand this is the norm in the US. For another example, see credit reporting agencies. Control of critical infrastructure is given to private companies under the assumption that competition will make them do good. In practice, most competition goes away immediately and the maximization of profit destroys any remaining incentives to not be horrible for everyone involved.