Myth of UK's Failed Rail Privatisation: Debunking Wendover Productions

The myth of UK's failed rail privatisation is something you will hear commonly. Here I make the argument debunking Wendover Productions on British railways. Much like the argument I made in response on Shaun's railway privatisation argument, Wendover Productions has provided a slightly different argument.

His argument claiming that it is a free market in any area is ridiculous given the private sector is over-regulated by the state and everything is controlled by the government. People like Shaun or Wendover Productions fail to comprehend why it is private in name only. As I argue, the problems government creates through all the heavy regulation led to such inefficiency and problems for private companies to operate on.

It's very much similar with the American healthcare system for why it is faced with countless problems, most notably the soaring costs, again, the private sector gets the blame but he completely ignores all the problems the government has created. As stated, it is very much a monopolised market under corporatism and not free market. As always, the government creates a problem and private ownership gets the blame for it.

Like I addressed before from the Conservatives for Liberty, I pointed out how the railway traffic, infrastructure, railway fares, the rolling stock, tracks, stations, etc are all controlled and owned by the state, yet despite this fact, Wenderover Productions assumes that because private companies operated on these government strongly controlled rail tracks controlling the traffic, it must be the fault of the private companies for why they were lossmaking.

Throughout recorded history we have seen the failure of government intervention through price controls, whether it was the shortage at the pump in 1974 or the failed rent controls during the Second World War in the United States, or even the blackouts and food shortage crisis seen in Venezuela, Keynesians and Marxists for the life of them cannot understand prices and the damage they cause via fixing prices above or below market value, they don't understand why without profits and losses you cannot operate a system efficiently.

His logic to blame the market for government setting down lockdowns that restricted the market is truly unbelievable, by his logic, everything should be nationalised given countless private businesses went under as a result of lockdowns. His argument doesn't stand to reason and the history of British Rail proved what a disastrous failure it was which faced up to the same problems Cuba's automobile industry faced where they drive about in outdated 1950s cars, not for a fashion statement, but because of the absence of market-driven price signal information.

As I mentioned, if it were a free market, it would better cater for people who live in remote places like Kingussie because of fierce competition. Wenderover Productions doesn't realise that for the past 25 years the railways have been anti-competitive. A free market would bring in strong competition that would not only drive the costs down, but build new railways, improve technologically, improve overall efficiency as they would no longer be held back by government controlling infrastructure, where trains can go, stations, etc. Therefore, Kingussie would have greater access, plus in a free market these sort of places would flourish from investment that would grow their economy exponentially, unlike the laden down restrictive corporatist market which they live under today.

Again, corporatism is not capitalism, the likes of Wendover Productions wish to have you believe that it is a black and white argument that it's as simple as looking at things as privatisation and nationalisation and doesn't acknowledge the difference between a private sector left be to the free market to one which the government strongly controls and subsidises it.

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