Yes it does, because it leaves the fulfillment of those necessities to the whims of the market. If suddenly an endeavour is not profitable any more, or is simpl

Yes it does, because it leaves the fulfillment of those necessities to the whims of the market. If suddenly an endeavour is not profitable any more, or is simply less profitable than an alternative, what happens? You have to subsidise it, at great cost, leaving you at the mercy of those privatised concerns. Neither public services nor private enterprise is a silver bullet to everything.