>The idea that competition can have any real meaning on a highly constrained and contended single resource - like railways - is a bit laughable, so the market d

>The idea that competition can have any real meaning on a highly constrained and contended single resource - like railways - is a bit laughable, so the market doesn't really offer much opportunity for optimization Of course not. The Tories always meant for it to be a vehicle through which they and their mates could extract rents. That's always the point of privatization.