As the 31 Labour parliamentary candidates are demanding in their letter to Miliband, the case for returning rail to the public sector after the botched privatisation of 1996 is overwhelming. Private ownership has produced for the UK the highest fares in Europe, extensive overcrowding on commuter lines because of giving priority to dividends for shareholders over […]
Posts Tagged ‘State intervention’
The return of the state
Dec 28th, 2013 by Michael Meacher.For 34 years private markets have held sway, with the corollary that the State was inefficient and bureaucratic and should accept its role to get out of the way. Since that Thatcherite-engineered change of culture after 1979 the UK has undergone a major recession in each decade – in 1980-83, then again in 1990-93, and […]
