Governments don't run companies in any capitalistic system. Mostly because a) they don't know how and b) the employees don't take risks, it upsets their promotion opportunities.
There are many examples of great government run companies...eg Transport for London (TfL), the French rail network, the German rail network, Most Chinese companies.
Harvard Technology is a great British lighting company that manufactures all of its products in UK.
https://www.harvardtechnology.com/Every single piece of every single product that they have is manufactured in UK. This shows that manufacturing electronics in UK is just as cheap as anywhere else in the world, else they wouldn’t do it. The truth is, that although offshore manufacture used to be cheaper, its price has been creeping higher and higher over the years. And now, if you are in the West, its not cheaper to manufacture overseas any more….however, if your volumes are huge, then you will struggle to find the capacity in the West…but this is only because we in the West stupidly got rid of our manufacturing capacity so that we could get all our manufacturing done overseas………now they’ve raised their prices (which all along should have been totally predictable) and we’re stuffed!
As you know, the Far East is not a Charity manufacturer for the West……the Far Eastern manufacturers charge the West as much as they possibly can charge. As the Far Eastern manufacturers realise that the West has denuded itself of its manufacturing capability, they therefore, and quite understandably, are putting up their prices big time.
Another point is that a lot of Western investors won’t tolerate a British (Western) Manufacturing operation because although it makes money, it doesn’t make much money. This is why Western Governments must take up the mantle and take on Government run manufacturing of electronics in UK….Western Private investors are just not interested unless they can be dripping in mega-wealth within a short space of time.
When Western Government run operations go wrong, it is inevitably because greedy western private companies leach the government of their money…….this is what we have to tackle.
There is a part-government funded company in the west called Commsaudit.com
https://www.commsaudit.com/…..this company gets hired by the British Government to build duplicates of RF equipment ordered by the British MOD……Commsaudit report their findings to the British Government , and state whether or not the British Government has been overcharged for the RF equipment…..if the British Government gets overcharged…the MOD gets the money back from the private RF consultancies.