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You've clearly never had to use UK public transport. Living there for 5 years made me appreciate just how awesome transport is in Austria. Market forces don't s
by pmjordan 19y ago
You've clearly never had to use UK public transport. Living there for 5 years made me appreciate just how awesome transport is in Austria. Market forces don't seem to work for trains. I think infrastructure is one of the few things (the only thing?) that is better off regulated.
- rhyso 19y agoIt's not so much the market forces as the way the privatisation was structured, and the perverse incentives that were created. The tube is a good example - there are multiple maintenance firms, line management firms, Transport for London, the unions, etc. All of them have competing agendas, which doesn't fit well when they are providing one product. I would be happier with a public monopoly than the current situation, and would accept a private monopoly instead of both, contingent on them getting the incentives right.