Railways and the energy market are the two areas where liberalization most spectacularly shat the bed. It increased prices, decreased reliability, didn’t deliver on anything it was supposed to, and still the neoliberals are saying “one more market incentive bro, just one more incentive and we’ll build productive competition into this natural monopoly”.
Railways and the energy market are the two areas where liberalization most spectacularly shat the bed. It increased prices, decreased reliability, didn’t deliver on anything it was supposed to, and still the neoliberals are saying “one more market incentive bro, just one more incentive and we’ll build productive competition into this natural monopoly”.