Why do owner of the business let the government own their business? Even if they offer a big cash i will not sell my business to them because it is my assets if i lose it how i can earn? Even if they paid me what will happened to me if the payment for my business is gone? I think the business owners are liable what happened to your country.
One possibility (and this is all imagined of course) is that the government opens new businesses to compete with private ones and drive them out by offering taxpayer subsidized cheap prices. There are many ways.
Why do government compete with this private business? If they do that and they defeat the private company this company will be closeand the workers or employee of its company will not have a job and also the taxes that should be pay of this company will gone and business of government should have a budget. This is another expenses of government think about it.