Quote:
Originally Posted by OLD BOY
As an economist, you should know that the benefit of privatisation is that you get major savings through being more efficient than the public sector. This allows you to make a profit as well as enable price reductions.
I have told you more than once already that it is government policy to increase rail fares to pay for the investment necessary to overcome decades of neglect by the former British Rail.
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As an economist I actually know that to be untrue.
If you can't introduce genuine competition into a market all that happens is supernormal profits enter the private sector to the harm of consumers.