By: inoljt, http://mypolitikal.com/
The twentieth century featured a great debate in the world between the communist system and the capitalist system. This was a debate over whether private enterprise ought to exist in the world. Today most countries believe in the answer posed by the capitalist system; they believe that private enterprise ought to exist and is generally more efficient than the government.
Nowadays private enterprise and corporations are thriving. Very few countries even speak of “nationalization,” in which the government takes over private enterprises, anymore. Most people in the country work in the private sector. This speaks to its power.
Nevertheless, the world’s biggest employers are in fact not private.
More below.