Nationalised industries were inefficient because they were used as a means of soaking up unemployment* there was no real excuse for not having a job as the NI's soaked up the slack. At least to get your dole you had to get up go somewhere for eight hours and do a bit of something.
*They were also also held back from investment by unions reluctance to change and governments failure to invest, private industry had the exact same problems but worse, worse in the sense that owners refused to invest anything at all in their business as long as they could cream of a profit.
The only privatised industry I can see a price reduction in is telecoms, that has been subject to massive competition the rest have just been given a licence to rip-off Joe public and put nothing back.
I love this excuse that "we have to put pricess up to invest", how come other industries invest without putting prices up (they have to stay competitive) but former publicly owned utilities year on year seem to have to not bother about improving services through investment whilst maintaining prices at 'competitive' levels.
How do you privatise them again, simple put a massive tax on them and pass a price control law until they want to give them back.
Edited by Padge, 19 October 2012 - 08:08 PM.