Well then, the private sector triumphs again eh?
National Express, the same people that have a near monopoly on buses in the West Midlands, have pulled out of running the East Coast Main Line, as they’re not prying enough money from passengers, and the passengers aren’t happy either. Ticket prices are high, the service is poor.
So then: a question. Do you favour privatisation? Does the private sector improve efficiency, or merely ensure someone gets very rich? Can the public sector manage things effectively? Should the following be publicly or privately owned?
* Public Transport
* Energy supply
* Anything else?
I’ll go on record: I think the private sector just creams off the profits and runs away when things get hard, and I think all of the above should be in public ownership with profits ploughed back in to keeping costs down and service good where the service has a potential to make profit. I think public transport should be run as an essential service, not as a way to make money. Maybe that’s a bit utopian.