Breadtube vs Economics #2: Response to Shaun on Railway Privatisation

Should we nationalise trains and other utilities, or privatise them? Are there other options beyond these two?

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I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more!

References (in rough order of appearance):
Part 1 of my series on Breadtube and Economics - Response to Philosophy Tube on Housing:    • Breadtube vs Economics #1: Response t...  

Shaun’s video ‘How Privatisation Fails: Railways’:    • How Privatisation Fails: Railways  
Why did we sell off the railways? FT feature    • Why did we sell off the railways? | F...  

Rethinking the Economics of Land and Housing, Ryan-Collins et al

Why are Britain’s trains so bad - could nationalisation fix them?, Channel 4    • Why are Britain’s trains so bad - cou...  

‘Passenger satisfaction on British Trains rises again, survey finds’, the Guardian
https://www.theguardian.com/uk-news/2...

Impact of the privatisation of British Rail: https://en.wikipedia.org/wiki/Impact_...

Rail accidents in the UK: https://en.wikipedia.org/wiki/List_of...

‘Twenty years of privatisation’, John Kay
https://www.johnkay.com/2002/06/01/tw...

‘The Systems Regulation Model’, Dieter Helm
‘Infrastructure investment, the cost of capital, and regulation: an assessment’, Dieter Helm

Glas Cymru site: https://corporate.dwrcymru.com/en/abo...

‘For Worker Democracy’, Chris Dillow
https://stumblingandmumbling.typepad....

‘Public Ownership 2.0’, Weekly Economics Podcast https://podcasts.apple.com/gb/podcast...

Hillary Wainwright’s excellent site redpepper: https://www.redpepper.org.uk/

‘Why public transport is broken’, Tom Haines-Doran
https://www.rs21.org.uk/2016/01/03/wh...