You are trolling, aren't you. In case you don't know about it, go look up Railtrack - the UK privatised rail company that recently declared bankrupcy, leaving the UK govt with the options of a bailout of closing down the rail network. They chose the bailout. The sucessor company (Network rail) is a not-for-profit co.
Railtrack - the UK privatised rail company that recently declared bankrupcy, leaving the UK govt with the options of a bailout of closing down the rail network. They chose the bailout. The sucessor company (Network rail) is a not-for-profit co.
A few points here:
1> You omitted a third option the UK government could have chosen: auction the rail network.
2> Bankruptcy is the successful removal of failed management. You are confusing the failure of a particular private company (Railtrack) with the failure of privatization as system for instituting managment. In fact, that privatization allows for bankruptcy is an advantage; If the original mangangement team had been not private but public, they would likely still be there doing the same unsucessful job of running rail network.
You believe that privitization fails because it permits bankruptcy. Wrong. Privitization works becasue it permits bankrupty.
3> You say that the UK govt. bailed out Railtrack and you claim that Railtrack was then replaced by Network rail. You seem to have no understanding of what a bailout is. If there had been a bailout, Railtrack would not have been succeeded. It would have been bailed out; it would still be there, in place, running the rail network. Is your self contradiction not obvious?
4> A private for-profit company which does a poor job of managing the rail network is replaced by a private not-for-profit company which manages the rail network successfuly. So a>privatisation works to tranistion in a sucessful managerial arrangement. b>a private company now successfully manages the rail network.
"Be there. Aloha."
-- Steve McGarret, _Hawaii Five-Oh_
Privatize them! (Score:-1, Flamebait)
Government subsidies are bad.
Markets work, u know? Otherwise we'll be living in communist utopia ruled by evil old men from Moscow today.
Re:Privatize them! (Score:4, Insightful)
You are trolling, aren't you. In case you don't know about it, go look up Railtrack - the UK privatised rail company that recently declared bankrupcy, leaving the UK govt with the options of a bailout of closing down the rail network. They chose the bailout. The sucessor company (Network rail) is a not-for-profit co.
Re:Privatize them! (Score:1)
Remember this.... (Score:0)
We're getting full railservice for around $1B a year.
Hell, 3 days of a war in IRAQ will cost more than that, and we won't actually get anything WORTHWHILE from that "Investment".
Re:Privatize them! (Score:0)
A few points here:
1> You omitted a third option the UK government could have chosen: auction the rail network.
2> Bankruptcy is the successful removal of failed management. You are confusing the failure of a particular private company (Railtrack) with the failure of privatization as system for instituting managment. In fact, that privatization allows for bankruptcy is an advantage; If the original mangangement team had been not private but public, they would likely still be there doing the same unsucessful job of running rail network.
You believe that privitization fails because it permits bankruptcy. Wrong. Privitization works becasue it permits bankrupty.
3> You say that the UK govt. bailed out Railtrack and you claim that Railtrack was then replaced by Network rail. You seem to have no understanding of what a bailout is. If there had been a bailout, Railtrack would not have been succeeded. It would have been bailed out; it would still be there, in place, running the rail network. Is your self contradiction not obvious?
4> A private for-profit company which does a poor job of managing the rail network is replaced by a private not-for-profit company which manages the rail network successfuly. So a>privatisation works to tranistion in a sucessful managerial arrangement. b>a private company now successfully manages the rail network.