I think that just invites parasitic loss into the system through profit seeking, but maybe this is in fact by design, and us laborers are merely a means to another's greatly yielding end.

> The default should be the government doesn't do things

Right, but taking this in the opposite direction then, why for public interest things should the default of 'people who just want to buy the next yacht' run them good?

because they can only buy that yacht _if_ they ran it good!

Unfortunately "running it good" might also mean things like bain capitalism where they part out anything of value and leave the customer base high and dry.

Yeah, capitalism 101, good in theory but terrible for most people in practice. Look at e.g. the health system, where a major issue means total bankruptcy and life debt. A somewhat balanced system where governments protect basic needs and have some control over the markets is the ideal imo.

> total bankruptcy and life debt

Those are two different things. Bankruptcy isn't fun, but it clears your debt.

What about student's loans?