The international revival of public ownership is anathema to our City-led elite. But it’s vital to genuine economic recovery
By Seumas Milne
Quote: Privatisation isn’t working. We were promised a shareholding democracy, competition, falling costs and better services. A generation on, most people’s experience has been the opposite. From energy to water, rail to public services, the reality has been private monopolies, perverse subsidies, exorbitant prices, woeful under-investment, profiteering and corporate capture.