How Dutch and German train and bus firms are taking British taxpayers for a ride
The UK government has poured money into transport infrastructure. And thanks to privatisation, state-owned European bus and rail operators reap the benefits
James Meeks book on the privatisation of Britain, Private Island, highlights the perverse outcome of an energy industry sell-off that saw vast tracts of our power infrastructure fall under the ownership of the French government-owned EDF. France in effect renationalised the industry its neighbour had so painstakingly privatised. Renationalised it, that is, for France, he writes.
If privatisation was designed to introduce the rigor and efficiency of the market to the operation and ownership of public infrastructure with the private sector generating profit for its constituents in exchange then the presence of EDF in our energy landscape is a rebuke to that notion. EDF is a state-owned business making money from an industry that started out under state control and is perhaps better off staying there given its strategic importance.
Source: Guardian Transport