The NHS has been covertly privatised in many aspects. The NHS are forced to use private providers for numerous procedures and surgeries, even maintaining the grounds and cutting lawns at crazy prices. The NHS pays top dollar for services they could do more cost-effectively themselves. But a condition of them receiving extra money is they spend much of it with the private sector. Often, private health providers send patients back to the NHS to receive the treatment the NHS initially was forced to send private. They do this still invoicing the NHS for their time and expecting the NHS to provide the transportation cost-free.
This is effectively a lucrative form of corporate welfare that takes piles and piles of public money, and stashes it into the bank accounts of the private sector. Politicians often have a vested interest in private healthcare providers, but they'll claim they don't know it because their investments are pooled together by some wealth management company on their behalf.
In addition, the last Labour government decided to privatise investment and now the NHS is paying the price in form of staggering debts and interest payments that just go on and on and on. The terms were horrible for the NHS/taxpayer, and so investors were fighting among themselves to be allowed to participate in the funding.
So in my view, government running things badly is a lot more nefarious than just the old tropes of government running everything badly. Our politicians in the West have decided to adapt to the lifestyle of the third world despots we used to lecture against due to lack of democracy and ramptant corruption.
The private sector are often as bad, or worse, than the public sector. Just look at energy companies, water companies, train companies, etc. who have already carved out nice little regional monopolies and engage in ruthless price gouging.