Government doesn't destroy through incompetence and corruption. It destroys through theft and coercion. It is anti-thetical to civilization.
Private sector is not about maximizing profits, but satisfying the demands of the market. Profits follow from that, and even then not always.
When they use the monopoly powers of the government to maximize profit, write regulations to keep competition out or destroy them, set preferable prices, write favourable tax codes through accounting deception, get bailouts and artificially cheap credit is when they start lying, poisoning, fattening and addicting.
The US doesn't do everything based on profit. It's not a market economy based on the rule of natural law anymore. Maybe it was to a certain extent long, long ago.
They do everything based on power. It's regulatory capture through the monopoly power of the government, not profits through productivity and captial accumulation that come from market demand and savings.
It's always up to the consumers to determine what's best for them and the businesses to serve them.
There are those who get fat, sick, depressed and deep in debt and those who stay fit, healthy, happy and financially well-off.
Healthcare has been captured by the regulation. Food industry has been captured by regulation. Social media has been captured by regulation. Anyone who tries to provide services to those who demand better healthcare, food and communication will be destroyed by existing cronies through regulation. It is the involvement of government in these industries that is at fault.
It's not the business of the law to set lifestyle standards.
The law should bother itself only with the protection of natural rights. And the government shouldn't make law but enforce it.
But having a monopoly of violence, they can't and won't.
We don't need to restructure industries or civilization.
We need to destructure government so that civilization and industry can restructure itself.
Separation of money and state ought to happen before any of that, because fiat money is the root of most evil, of which the corruption of law is the most insidious one.