Nationalised industry question

[transam]

did any of the old industry's that were state owned in the 70's ect ever produce a financial surplus to the owners / government

British rail , British telecom , British steel , ect ect

 

[big-all]

the railways dont make a profit even now
the model is they bid for the franchise saying they can undercut the subsidy required from the tresury

 

[EFLImpudence]

No, they were dogged by bad management. Edit - and orders from the Government.

No country's railway in the world makes a profit. You may wonder why anyone would have "bought" it.

 

[Notch7]

I hate the fact they sold off directory enquiries.

Why do we need 20 or so companies doing it and ripping us off.

Ill vote for the party that renationalises 192

 

[EFLImpudence]

I hate the fact they sold off directory enquiries.
Why do we need 20 or so companies doing it and ripping us off.

Because once privatised, then there must be competition, and consequently multiplicity of resourses and managements.

Much better than a nationalised monopoly run for the benefit of the country.

 

[transam]

It was a question asked on the radio this evening but I did not hear the answer

British airways was state owned at one time

The post office must have made a profit surely prior to being sold off

 

[big-all]

It was a question asked on the radio this evening but I did not hear the answer

British airways was state owned at one time

The post office must have made a profit surely prior to being sold off

the post office is required to transport a letter from anywhere to anywhere on a daily basis for about 60p
they cannot add suppliments for north off scotland or the iow

 

[Yafo]

It was a question asked on the radio this evening but I did not hear the answer

British airways was state owned at one time

The post office must have made a profit surely prior to being sold off

Surely the idea of a nationalised industry is to run for the benefit of the country.

As a service, It does not have to make a profit?

If it is competing against other industry, as a state run industry and/or exporting there is a difference.

 

[transam]

Surely the idea of a nationalised industry is to run for the benefit of the country.

As a service, It does not have to make a profit?

If it is competing against other industry, as a state run industry and/or exporting there is a difference.

Perhaps profit is the wrong word did they ever create a surplus

Think that was the word that was used

 

[Brigadier]

No, they were dogged by bad management. Edit - and orders from the Government.

No country's railway in the world makes a profit. You may wonder why anyone would have "bought" it.

The "bad management" were "nationalised" as well.

 

[Brigadier]

No, they were dogged by bad management. Edit - and orders from the Government.

No country's railway in the world makes a profit. You may wonder why anyone would have "bought" it.

The "bad management" were "nationalised" as well.

 

[big-all]

Perhaps profit is the wrong word did they ever create a surplus

Think that was the word that was used

years ago the council the railway the bins the post office where overmanned but that included many in society that didnt fit in anywhere else so almost impossible to get work else where so giving a social element to working there for some
the savings from not now being overmanned is paid for by the social costs off unemployment and delinquency to some not the whole cause but part off the cost off being "more efficient"

 

[EFLImpudence]

The "bad management" were "nationalised" as well.

Fair enough, but they had bosses too - the treasury and government.

I don't suppose you are suggesting that the nationalised industries were well managed.
Weren't they run down on purpose to prepare for privatisation on the cheap?
Did most of the shares immediately increase in price?

Haven't some revelations just come out about Dr.Beeching's plans?

I have proposed before that if renationalised they should have Japanese management allowed to run them properly.

 

[big-all]

in the 90s no one was interested in bidding for the railway franchises
in the end they had to double the subsidy to get any interest
now instead off starving the public railways they doubled the subsidy we could have had a world class publicly owned railway now without the fiasco off money grabbing companies that took up the innitial rosco franchises

 

[durhamplumber]

I hate the fact they sold off directory enquiries.

Why do we need 20 or so companies doing it and ripping us off.

Ill vote for the party that renationalises 192

192? No need now.