Originally Posted by
FDXLAG
Because ultimately the private sector is accountable to the stockholders and the courts. The Government is accountable to no one.
How many bankers went to jail for the global economic crisis? How much of their ill-gotten gains were clawed back?
Accountable to the 'stockholders'? I hope you're kidding. Please read John Bogle's book, Battle for the Soul of Capitalism. Board of director slates are usually forwarded by management (not shareholders) and rubber stamped by the mutual funds that control 60% of the shares.
As for politicians there are these things called elections. We get the politicians we deserve.