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Getting back to the Op’s question, how would state owned be better? The questions have to be:
* How would the bad old days of BR be avoided?
* How would it be better than what we currently have?
* What guarantee is there that profits will be reinvested into the system? In other words, profits being used for other things
Whilst I don’t believe in state owned transport, sorry Anthony I’m not one of your social democrats, but if someone can convince me with hard fact the answers to the above I might be pursuaded otherwise.