If the government is unable to discharge it's duties of smooth running of the state machinery, then they should resign. I consider it a very lame excuse that the government is unable to do what it's assigned to, thus privatizing the state owned assets. If, at all, the state assets are to be run by private stakeholders, then it's of no use to elect the government and pay for their huge salaries/expenses.
If, this is so, then, let bureaucracy run the affairs of the state in a way that they regulate the private stakeholders - who eventually run the country.
No place for politicians then.