UK Rail Privitisation

Good points on regulation there. Like anything in life, it's a question of balance - Too much regulation and you end up with an overblown bureaucracy that becomes a monster in itself, full of self-serving public-sector folk who can be just as bad as the private-sector ones. It's a difficult one to get right. Still, on the whole, I'd rather have the overblown public sector than the money-grabbing private sector solution. At least the public-sector one keeps plenty of people in a job, the private one just rewards those chosen few at the top and, to a lesser extent, the share-holders.