While it is a right pain when private ventures fail, the whole point of opening up services to competition/privatisation is that if one firm can't make a go of it then someone else can then come in with new ideas.
As mentioned the public sector couldn't make a go of it either.
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Quote:
Originally Posted by denphone
Privitisation has been a disaster for this country.  |
It depends where you look. As mentioned telecoms would still be reliant on the GPO if we'd stuck with the "Sir Humphrey knows best" attitudes of the 1960s, same with the car and aircraft industries.
There are a few things the government can do better than the private sector, and vice versa. IMO, healthcare should be a mix of both.
Tim Worstall makes the point much better than I:
http://www.theregister.co.uk/2015/01...st_not_the_us/