Well, my adherence to the free market isn't what it was, but yes, basically I'm more of a fan of private railways than you.![]()
Where should we go from here, given the lessons of the past? Initially, I'd like to see operators given control of infrastructure, and the ability to construct new capital projects (like restoring the Beeching lines) if they can find the investment, or convince the Treasury to underwrite a loan. At a guess, you'd like to see a return to nationalization, but how would we go about this? (Apologies if you've answered elsewhere, but you're such a mine of rail history.)
IMHO what matters more than who owns the railways is how they're structured. There's an ongoing debate between those who argue that separating operations from infrastructure allows operators to be more businesslike and consumer-focused, and those who think it's a recipe for expense and inertia. I'm still firmly in the latter camp, but I'm not completely wedded to the idea that a vertically-integrated railway has to be in the public sector.Excellent point this. I'm firmly in the inertia camp (or rather, I want to see it end). Vertically-integrated railways are IMO essential to smooth operation.IMHO what matters more than who owns the railways is how they're structured.
