Not global commodity, SJ. Private business.
I am a staunch supporter of public ownership of many resources, and utilities, and public services, and I think public ownership is for the most part more equitable and cost-effective.
But it is also true that in some things private business is far more flexible when it comes to moving on opportunity, and adapting to change. I think both systems will always play a role. That's why I bring it up; not as a slam against public ownership so much as an argument for a middle way.
And yes, things are changing in Europe. Wht is not so clear is which way they will go.