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He tried to boost the private sector by selling state assets.
The private sector, by contrast, is built on very different principles.
Public investment banks, such as the European Investment Bank, already borrow from the private sector by issuing their own bonds.
"It helps farmers access productivity, enhancing agricultural technologies held by the private sector by facilitating public-private partnerships".
Overall, spending on the private sector by the NHS in Scotland has risen by 18 per cent in real terms since 2009/10, from £72.3m to £85.2m.
Scott Walker vowed, in his campaign for governor, to create two hundred and fifty thousand jobs in the private sector by 2015.
Some journalists I spoke with believed that sanctions would seriously harm Iran's private sector by late fall, when manufacturers ran out of imported raw materials and machinery.
There have been renewed efforts to expand the private sector by transferring ownership of large, strategic companies, and activity has increased, particularly involving foreign interests.
In an interview with the International Journal Review, Wu notes, Tillerson said he'd achieved negotiation successes in the private sector by making few public statements about talks.
One idea is for procurement in the RAF to act as the guinea pig for GoCo, before turning over the entire organisation to the private sector by 2015.
To ease the pain authorities hope to energise the stunted private sector by allowing more Cubans to start their own businesses and co-operatives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com