Re: Why ? : Mon Nov 01, 2021 2:47 pm
Zoo Zoo Boom wrote:
That's exactly how the free market works - your liabilities are limited to the money you invest - if trading doesn't pan out how you had forecast you run out money you go bust. Everyone goes in with their eyes open - if the government hadn't done their due diligence correctly who is to blame? If creditors lend too much money who is at fault?
The government know they have to keep the line running then surely they need to select a franchise that is going to deliver on that basic premise. If no franchise can make a suitable return based on that scenario the government have a problem - they take it back into public ownership costs rise and we all have to pay.
We come back to public ownership - everybody has to pay to keep public services going even if they never use it - yes I get it for education but not for buses and trains.
The government know they have to keep the line running then surely they need to select a franchise that is going to deliver on that basic premise. If no franchise can make a suitable return based on that scenario the government have a problem - they take it back into public ownership costs rise and we all have to pay.
We come back to public ownership - everybody has to pay to keep public services going even if they never use it - yes I get it for education but not for buses and trains.
I don't think you understand. The private operators didn't suffer any consequences at all for getting their sums wrong. Because that's not how privatisation works. We as taxpayers lost out, the other side just walked away from the mess they'd created.
The reality is the East Coast line is one of the huge cash cows of the network. It should be one which cross-subsidises the rest of the network. Quite why you think costs would rise if controlled nationally rather than us keeping all the profits for ourselves/the government is a mystery.
And your belief that the transport network isn't a core part of the national infrastructure which should be looked after by government is a niche one it has to be said. I'm sure you think the same applies to the road network of course.