Quote:
Originally Posted by OLD BOY
The high fares are due to the government decision to cover the cost of railway modernisation partially through fares charged to the users of the service who will benefit from it.
Charges normally go down rather than up when they are privatised. That’s because the private sector can take a profit from efficiency savings and still have money left for price reductions.
Nationalised industries tend to be very inefficient because the financial discipline just isn’t there and jobsworths are tolerated.
|
Yawn cry me a river. Never heard so much tosh in all my life.
Charges go down in industries where there is genuine competition. However for many fares on many routes all we have are regional monopolies. Anything squeezed out in profits follows the classic model of privatising the profits and nationalising the losses once TOC subsidies run dry.