Can you go invest in Joe's Supermarket if it's not on the stock exchange? Of course you can, if Joe lets you. You can loan him money, you can buy part ownership in the business. Is it tax-deferred? It could be--speak to your accountant about that. There are obviously ways to do that.
Does our government get loans from foreign investors? Yes, every day. What does that have to do with the price of cheese?
You don't have to invest in your 401 if you don't want to. No one is making you do anything. 401 plans are there for our convenience. I happen to think they're a fantastic way to save for retirement. your mileage may vary.
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