Public or Private? Is it a proper question?

In some countries, they have very high public (government) involvement in many things, from universities to airlines. On the other hand, the American private free-market business model is criticized for pursuing practical outcomes too much while neglecting long-term benefits - for example, it's very hard to find the environment like School of Athens in an American university.

I don't have time to write a long article to discuss it right now. But a week ago, I saw an article like this.

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