08-04-13, 08:25 PM
(08-04-13, 08:21 PM)JoeRock link Wrote: [quote author=Tcat2001 link=topic=7157.msg68250#msg68250 date=1365448798]
Can you explain how state owned utilities and rail companies encourages competiton and freedom of choice? Struggling to understand that one to be honest
ANother good point!
You end up with a monopoly, as due to the lack of competition there is no emphasis on being profitable, so organisations become extremely wasteful - which we then pay for in taxes!
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Like the extremely wasteful, inefficient and socially useless private banks, which the taxpayer is paying for.