Govt is responsible for the success of business then it is equally responsible for business failures. And there are far more failure stories than successful ones. So govt should get out of the industry no?
Nope. One might "logically" observe that economic performance is affected by (1) government policies, and (2) economic system. When the economy fails, then, one might therefore conclude two things:
(1) The system of government does not serve the economy well, and/or
(2) The economic system does not serve the population well.
Take your pick, porkchop. I think both aspects apply, and it doesn't matter at all who's at the top.