It is obvious that several countries have economies which are failing due to economic mismanagement. It would be too much to say that this was because of incompetent management, because too much is known about economics, from the simplee, "double entry book-keeping" systems throught to advanced systems of management used in multinational companies.
The problem could be a simple philosophical one, such that "Prive Enterprise is Good, Government and Taxation is Bad" mantra, but it is more than this. It is the greed syndrome, the failure to realize that public enterprise is not necessarily bad, that "free" health and "free" education, or public health and education paid for by the taxpayer, and also public or fre law and order may also be in the interest of society or the role of government, even though the opposing viewpoint is that private enterprise, or the law of suppy and demand will supply all needs better than a strong and well managed government.
It may be forgottent that as well as a strong Parliament, part of Queen Victoria's legace and that of her ministers was a police force for the first time, a fire service and a universal or international postal service, at a time when radio and teh internet did not exist. The original post office had three parts. A postal service, a bank and eventually a telephone service. The bank was stripped away and privatised, but the customers demanded a government owned bank, so that they could keep their profits. The same did not happen to teh telephone service, which is now the internet.
The Red Cross Shop
Just as the government page is divided into four, there are four shops, and teh one run by the Health Depertment is called teh Red Cross shop, because the Nurses and not the government run it through the Red Cross, funded by government, meaning that where there is literally no budget, the Red Cross will create a government and a profit.