does corporate privatisation of public utilities work?
The trend towards privatisation has taken services and industries out of public hands. Yet private companies running these services do not have to take account of wider public interest concerns as Governments must. The UK pioneered privatisation in the 1980s, but in the case of Railtrack, for example, this failure to take proper account of public interest matters led to a transport crisis that has now resulted in the company being taken over by the Government again.
