If you consider police, fire and the military as “industries,” then I can only suggest we will never see eye to eye. Exactly what “product” are we buying and where do we go to “buy” it?
I’m absolutely not a laissez-faire, or unfettered, capitalist. However, I think all “industries” should work in the public good, be it through providing a quality good or service at a fair price or being restricted in their pursuit of profit by the need to balance it with the public good.
However, having grown up in England during a period of rampant nationalization, I’m struggling to find a time when it was both lauded and priced such that it wasn’t an industry hemorrhaging taxpayer money.
Do I think we should remove the (excess) profit motive from some endeavors? Yes, with medicine being a primary one. However, should a private company be allowed to recoup their investment in R&D? Absolutely…but from where? The public purse for the greater good, or should those people requiring the drug be forced to cover it? These are societal problems with which we wrestle today.
The view from abroad is that many of England's problems are self-inflicted by a nanny state mentality and (now) generations who believe it owes them something. Good luck with that!