Damn the private sector and their evil ... of wait the government was stumping up the cash. Was the government perhaps acting in its private capacity when hiring mercenaries to "support democracy" in oil rich nations?
This is not even particularly a private-public thing (look to the East India company for what a private company is capable of, although the situation was complicated). The invasion of Iraq wasn't a private enterprise. There were private interests involved, but I think most people would agree that is curruption.