I've just given you a series of examples in which nationalised services work better than privately owned ones, so I fail to see how the blanket statement "nationalisation doesn't work" holds any water. Eastcoast Mainline franchise was walked away from by Stagecoach and this was after a previous company failed to run it properly, and within a few years under public ownership it was the best run railway in Britain, requiring the smallest subsidies, and returning profits. Branson once described his Westcoast route as a "license to print money" - and our railways now take four times the subsidies that BR did. On the evidence we could say, "privatisation doesn't work". Most of our railways are run by the state owned railways of other countries now anyway - so we may as well run them ourselves, rather than subsidising the passengers in Germany and France.clarethomer wrote: ↑Tue Dec 10, 2019 10:25 pmA good overview of nationalisation on here
https://www.ft.com/content/0470ad62-f62 ... 65a6ce1a00
The NHS relies on private firms to help deliver the free at point of use service. A great example of where public and private work well together.
There are all too many examples of nationalisation in this country only delivering inefficiency for users and the country. There is no incentive to invest and there is no incentive to avoid underperformance either.
Nationalisation doesn't work.
Things have moved on since the great macro nationalisations of the postwar era. There are many ways of running state-owned services, and at the very least the money we pump in to reinvest won't go toward shareholder dividends.