And when government fucked up those management, you as a citizen should held your government liable. People shouldn't be afraid of their government, the government should be afraid of their people. Also, the government's main priority is NOT to make a profit but rather serve the people. So there is a (theoretical) obligation for the government to make sure every citizen has access to their service even if at a loss.
First world countries tend to not be run for the benefit of all. Not that third world countries are either, mind you, but generally removing the profit motive from basic necessities seems to have very positive results on levels of freedom and social mobility.
Except when corrupt officials just pocket the money and invest nothing into infrastructure
Monopolys aren't good either but living in a third world country I can tell you you can find worse problems with state controlled systems than with private companies that at least have to keep you as a client somehow