Quote:
Originally Posted by jfman
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.
|
I don't know which books of economic theory you have been reading, then! I have personal experience of privatising services and I can assure you that it is true. You are also ignoring the reason I gave you for fares increasing as they have.