In various countries around the world, assets that had previously been in the hands of governments were sold off to the private sector in the hope that this would lead to a more efficient allocation, that these assets would be put to better use.

The private sector is motivated by profit and efficiency and the US government often is not.

You cannot have development in today's world without partnering with the private sector.

It would be wonderful if the public sector were always great, or always terrible; or if the private sector were always great, or always terrible. Alas, reality is more complicated than comforting caricatures. Governments fail, and corporations fail.

Obama is from this group that resents the private sector, resents the capitalistic means of production.

The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.