There is a difference between productive business and basic infrastructure. Just look at China, they have state capitalism with free market economy according to the 60/70/80/90 rule. The state capitalism covers most basic needs like utilities, healthcare, and public transport extremely efficiently.
The free market economy is ruthlessly efficient in the national and international market due to involution and strategic loans from state-owned banks.
The free market economy is ruthlessly efficient in the national and international market due to involution and strategic loans from state-owned banks.