I guess other countries where the railways tend to be state owned but well-invested in. British Rail was state owned but deliberately under-funded so that the public got sick of it and welcomed private ownership.
That's a really good point. There's the real risk that the money from fares etc would just disappear into the big black box of everything that needs paying for a nothing improves
It actually needs to be ran as a public limited Co. It needs to be self sufficient in running, wages, pension provisions. With the government a single shareholder. Dividend payment to the government. It would also be have to turn in accounts.
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