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Originally Posted by jfman
I didn’t say that’s my preferred outcome, but it’s undeniable there’s been a number of examples of private industry creaming off the profits and dumping liabilities (including pensions) back on the state. Is that really a positive outcome?
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Double edged sword, plenty of examples where government involvement in industry has killed it. British Leyland being the obvious example.
Why would anyone expect politicians,( and you only have to watch question time, listen to any questions to realise that the vast majority or just plain stupid,) to be able run industry better than business?
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“Competition” by way of rail franchising, and for example the “big 6” energy firms aren’t true free markets anyway.
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I agree the rail and utility markets should be reviewed, and profits capped, or reinvestment v profit managed. They should be better and stronger regulated, but ultimately it is better than being publicly owned. If they were brought back into public ownership they would just become a political football like the biggest football of them all the NHS.
The national treasure and no doubt the biggest waste of tax payers money. But nobody dare reform it......properly.