The California Public Utilities Commission decision to fine PG&E $1.4 billion is another good example why private ownership is far better than government ownership.
Imagine the state or federal government was operating the gas pipeline. No one would be held responsible (government employees are always shielded from personal responsibility for their action or inaction).
There would be no payout to the victims, no lesson learned by the pipeline operator and limited press coverage in the first place because the press would have printed whatever excuse the government told them.
For over 20 years the PUC regulators gave PG&E a clean bill of health. It does not even occur to most that the big failure is that of the regulators who took paychecks for overseeing the pipeline safety. No fines, demotions or even scolding to these villains.
It would be better if all government services were operated by employees and management who were held responsible for their actions.