i edited my comment before your reply to note that I simply used water as an example because it came first to my mind and there are better ones

As I wrote in my edited comment (that was changed before you replied) there are better examples of my point that I don’t want too much govt control, for example I wouldn’t want all the farms in my country controlled by the govt

A private org is beholden to no one except shareholders

And their consumers. An orange juice company tries to make their product sold, and at the end of the day they rely on you to buy it. If enough people don’t, they will increase the quality of their juice or decrease the price to increase sales.

We already had a gilded age where we learned how low for-profit entities will go. We had saw dust in bread, chalk in milk, and worse.

You should realize that companies need to compete with each other, and because of that they cant visibly increase the price of a good too much or lower its quality because they will lose sales. Anywhere where this doesn’t happen laws can be written to force them