In theory they are better, but in practice “what makes them the most money” is often “what is best for the people” and governments and elected officials are often inept or corrupt. This doesn’t apply for every government or corporation on every issue, so we need to be nuanced in who we entrust which issues to. Specifically we want to look at the severity of the issue, the incentives, and the corruption and the competence of the government in question.

Because once people are democratically elected or appointed, they no longer are beholden to the people. Once in power, they are free to do whatever they want, which history shows, tends to be pretty self-serving.