rhyso

Jimmy Cayne would be more deserving. But they can have Schwartz as well - he was COO while these bets were being taken.

It's not so much the market forces as the way the privatisation was structured, and the perverse incentives that were created. The tube is a good example - there are multiple maintenance firms, line management firms, Transport for London, the unions, etc. All of them have competing agendas, which doesn't fit well when they are providing one product. I would be happier with a public monopoly than the current situation, and would accept a private monopoly instead of both, contingent on them getting the incentives right.