The Private Sector in the USA, in Europen countries and other likes was "absolute" strong so far .. actually they used to govorn the Managers of the Govt. in their respective teritory.
They never have seen "control" though did not hesitate to destroy the fundamental economy. The CEOs and high officials used to take away hefty salary and bonous etc at the cost of the future of the Cos.
The Board members ( naturally the Big shareholders ) used to keep silence though thay knew well what is happening inside. Their 'papers' were becoming costly ... ( later, in opportune moment they will sell these stocks to unknowing people outside ... and that happened )
When Lehman brothers fell in first such incident like a sandCastle, things started coming out ... the toxic assets or say the impaired assets story came to lime light ( popular as Subprime ) .. that thimgs inside are hollow.
Average eight banks/ Insurance Co per week started to fall ... the glory of Pvt. Sector ... fell on the streets, people jobless as large scale 'pink slips' are issued, production in factories haulted, not so rich people were being deprived of health-care facilities.
Global market/s started to fall bringing in the worst recession, continueing till now. USA Govt, first eversince, came out with packages with Taxpayers' Money called " Bail Out" for the Banks etc. to save the nation from crisis.
After passage of some months, the Cos who had availed bail out fund, are wanting to come out of "control" , Taxpayers are unhappy as once they were looted ( by mis-deeds of Cos ) and now their money is being used for welfare of those culprits.
Govt. and Law-makers are in a 'fix' ... are in pressure from both side - want 2come out ... !
Our Prime Minister, though may not hesitate to hike fuel price several times in a year in his own country, a proponent of "Free Economy,
" wants a cautious approach by the G-20 Nations ... he advocates "control" till things improves . Warns : Demons may come out again 2destabilize the world economy again.
after all, He has the experiences of "Mixed Economy" of India ... !