What you need is an educated populace and no government in the economy at all. Private watchdog groups have already proven to be more effective then government agencies because their passion exists on a personal level the government agency are just bureaucrats, unreliable. We do not need unions anymore because their existence only mattered when the working populace couldn't read or write the population were made to be stupid.
We are in the age of social media, we do not need to rely on any of the major television networks which can be bought and sold, we do not need to rely on anyone because information is at our fingertips in seconds and if anyone is fooled its really their own fault because everything is there good and bad, and every level of belief system from Jihadist to Green party, Libertarian to communist.
The only necessary job of a federal government is Foreign policy (Trade, military matters, etc) and maintaining a national police force to handle cross state border issues.
All social issues should be left up to communities or state government, healthcare as well, I will concede that perhaps a federal umbrella could be provided for catastrophic care.
Business is not the enemy of the people they will do whatever it takes for the bottom line and while many see that as evil I see it as opposite, a poor America doesn't buy their products, a business that doesn't look after its workers will have their most talented taken away by another company or the average citizen will turn its back on them and they will go out of business. We don't need government regulation, we don't need government control.
Actually, I'd argue that we do, because the government isn't "golly gee, them guys in washington is government" government, in the United states at least, is backed by the populace. We can't sit around making laws, and debating all day. Hence why we choose elected officals, we also demand they provide us with services, such as water, power, emergency services, paved roads. that is why we pay taxes. Like anyone else, elected officals can be bastards, and thus we can get rid of them by voting them out.
Ultimately the power rests not with the politican, but the voter.
The private sector, in New England at least, has a shitty record of providing basic services and goods, especally to rural areas, impovishing them instead of enriching them in the long run.
If not for government control over the allowed monoplies of water & power companies, which creates a flat rate, thus encouraging such busnesses to expand their holdings to gain customers instead of forsaking the poor. I would not have power, as my town is "not profitable" because it numbers less than 2000 adults, Most of whom are middle and lower class, without power, many would also not have water, as most water in this town comes from a well system.
I mentioned US steel, and Standard Oil, and should add General Electric to that list, they did accomplish amazing things, but they had to be broken up and their industries regulated. They were not above cutting off entire sections of a state to raise prices, shutting down entire industries because a small busness refused to sell, or let me bring up the Baldwin Felts Detectives whom they hired to fire on labor rallies.
I imagine you've also never heard of the Battle of Blair Mountian in Virginia? where union miners rallied from all around the US when Standard Coal's hired thugs killed the local sherrif (in the back, unarmed, leaving the courthouse) for preventing them from killing a local family who supported unionization. The company dropped bombs from bi-planes on the marching miners, then at Blair Mountian fired at them with machine gun to keep them from crossing the county boarder. "The Great Redneck Army" as it was called, fought back with shotguns and hunting rifiles.
The US military had to be called in to prevent things from esclating. The company tried to paint the miners as "Communist subversives" and almost succeded due to anti-communist parinoia. However the court changed tune when evidence of the company's brutality was brought in, a 50lb bomb dropped along the route that had failed to explode, and boxes of spent shells fired by the company's machine gun nest. you can still walk through the area and pick up spent ammo.
Take a look at Enron, which bought up a good deal of california's de-regulated power grid. they let the lines burn during the wildfires to increase demand, never replaced them, and sold power elsewhere (such as Vegas) where the profit margen was higher, causing brownouts and blackouts across the entire state. They also robbed thousands of people blind by lying to investors.
you see there is a problem with your theory, customer, and company are accounted for, but where does that leave the man making the product? Basicly a production sector like china's with impovished labor is more cost effective, while selling it to wealthy peoples elsewhere makes the profit. (this is part of the reason so many jobs were outsourced to china. over there Life is literally Cheap.)
I'm all for industry and innovation.
I just believe no company is entitled
to 300% profit while paying enormious money to upper management, next to nothing to everyone else, skimping on the safety regs to save money, and butchering small busnesses that move into their market to maintain their share, and keep things stagnant.
I don't think they should be nationalized.. I think they should be BROKEN up. AT&T was 'too big' once... and they got busted up into dozens of 'Baby Bells'. Opened up a LOT of innovations in the process. Used to be. .you didn't OWN your house phone.. you LEASED it from Bell Telephone.. now you can buy them. Used to be they came in like four flavors for most folks.. 2 table, 2 wall mounted.. rotary or push button..
Break them up. Reinstate Glass-Stegall (or something like it) put a firewall between Investment banks and commercial banks.