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Where it only makes sense to build one of some piece of infrastructure, isn't it really obvious that it should always be owned by the people? I suspect that thi
by willyt 12y ago
Where it only makes sense to build one of some piece of infrastructure, isn't it really obvious that it should always be owned by the people? I suspect that this applies to quite a few things: cable data networks, wireless data networks (phone masts), electricity transmission grid, railway lines, roads, etc.
Historically, national infrastructure seems to tend towards becoming a monopoly anyway under private ownership. Further, when these are privately owned, we seem to end up with a lumbering private company regulated by a lumbering state bureaucracy which duplicates a large part of the accounts department of the private company to keep them in check.
This means that we have the worst of both worlds; no real choice, patchy service, high prices for the service and a whole load of hidden regulatory costs which come out of our taxes.
Anecdotally, I've consulted for a state regulated privately owned monopoly company, there is no way that private sector efficiency is driving these places, the bureaucracy is intense. Example: A decision from the company on whether it was acceptable to use a different, cheaper but better looking style of suspended ceiling took 6 months and went all the way to the board of directors of this multi billion pound company.