Wonks and Industry Leaders Blast Labour’s Railway Nationalisation Pledge

As Labour announce its plans to nationalise railways, the free-market think tanks have already got the wheels rolling to warn against the socialist idea. Nationalisation stifles competition and innovation – a repeat of the 70s isn’t something anyone wants…

The Institute of Economic Affairs blasted the”lacking in detail” proposal, writing “the ritual denunciation of profits and the belief that ‘communities’ (or rather political bosses) have a role to play; but their role always seems to be to demand more money, resist closures, and open more lines, irrespective of any commercial discipline.” […] Read the rest