> if it's all publicly operated, then what's the incentive to keep improving things since your only stakeholder is the public and you're a monopoly anyway. Wha

> if it's all publicly operated, then what's the incentive to keep improving things since your only stakeholder is the public and you're a monopoly anyway. What is the incentive of a private company to improve anything when they get a monopoly? Most of these companies have a high incentive to let the infrastructure rot, cut on maintenance cost and let tax payers chip in huge invoices when - years or decades later - it breaks or becomes unsafe. And they create the illusion of 'efficiency' as not maintaining things reduced the cost of operation, meanwhile the government was paying for that. It's a complex situation.