Howdy psychocat,

You state:" state owned means owned by the people, not in the hands of greedy shareholders whose only interest is more profits."

State-owned,means that there is no incentive to make a profit,nor invest in improvements except to reduce the cost to the State. As a share-holder in a private company,you at least have a voice in operations of that company.

As for the 'greedy'.they can be restrained and held accountable for their actions,through legislation of laws that prevent abuse at their hands. You have no recourse to sue a State-owned industry..thereby holding them accountable for their decisions.

Have a good one...Torog