Compare the British experience of privatising their railways. What happens in practice is that other countries' state-run railways take ownership, extract profi

Compare the British experience of privatising their railways. What happens in practice is that other countries' state-run railways take ownership, extract profit and use it to help subsidise the non-privatised railway systems back home. The outcome is about what you'd expect; it is unclear why this pattern is expected to be a win for the British public, and the policies are now slowly being reversed.