Privatisation - appears not to work?

The scale of the problem is much bigger and there are other companies doing the same. There will be more, similar, companies that will lose their contracts. First the government need to make sure that there are good companies able to take over. It's in the pipeline already.

 

The whole thing is a bit of a mess really, and on the back of all the nonsense on the railways this year, and of course not forgetting the collapse of Carillion - it really does seem that company directors can just send their companies bust while they walk away with pockets full of money

 

There wouldn't be a problem if I was in charge!

 

So it is more PLC's that doesn't work then? But surely therein lies my point - all those profits being 'earned' (and I use that term very loosely) off the back of public services; if we were only paying for those services, and none of the profits, surely there would be more money for the services?

 

It would depend on how efficiently the services would be run if they were public instead of private. That has always been the argument and I don't think the answer has ever been found.

 

I accept that, but to be honest the belief that it would be inefficient is based on the 70's BMC/BL/BR argument. We are almost half a century on from that era, so it seems to me that trotting out a near 50 year old example is not good enough?