@waitworry @researchfairy
The trains are privatised which is why if I don't like the train company I will drive to the next county and take the train in a completely different direction from where I want to go.
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@waitworry @researchfairy 2 comments
@janef0421 @waitworry @researchfairy |
@econads @waitworry @researchfairy Rail’s an interesting case. Allowing multiple, potentially private operators, to directly compete, can have benefits, but rail infrastructure needs to be something like a public good to allow such a market. Railway privatisation results in a natural monopoly, which worsens outcomes. In effect, a market requires public ownership, which is not what economic orthodoxy would indicate.