Lotus Eaters Facing Up to Rail Privatisation Being a Disaster

This must have hurt their delicate free trade, ‘classical liberal’, privatise everything sensibilities. A few days ago, I notice that the Lotus Eaters had put up a piece about Dr Beeching and the failure of rail privatisation. One of them appeared waving around the copy of a book, Broken Rails. The video’s title stated that rail privatisation had been a failure. This is remarkable, given the frantic enthusiasm Sargon, Callum and the others have for private enterprise and laissez-faire economics as against nationalisation and state regulation. In fact, rail privatisation has been a massive failure, as shown by the way the government has been forced to take over failing railway services. This has reached the point where even the Torygraph was saying that renationalisation wasn’t necessarily a bad idea. I didn’t watch the video because I suspect that the Lotus Eaters would try to argue that, although rail privatisation had been a disaster, private enterprise is still a very good thing, and everything would have been much better if the privatisation had been done a certain way. Thus, trying to get out of recognising that privatisation does not automatically lead to better service. But it’s still interesting to see them having to accept that, at least in the case of the railways, privatisation has been a disaster.

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