Another free market fail as Britain nationalises the railways

[progressive hunter]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

the free market didnt fail,,, your socialist leaders took advantage of the situation and took over a private company

The socialists are cheering this. The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move. Your ignorance should mean that you should keep quite on issues of which you are. ignorant.

no ignorance on my part,,,you OP clearly shows they took advantage of the current situation ,,,,

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

 

[progressive hunter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

 

[progressive hunter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

 

[Tommy Tainant]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

the free market didnt fail,,, your socialist leaders took advantage of the situation and took over a private company

The socialists are cheering this. The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move. Your ignorance should mean that you should keep quite on issues of which you are. ignorant.

no ignorance on my part,,,you OP clearly shows they took advantage of the current situation ,,,,

The franchises could not maintain a service so were in breach of their franchise agreement. The last thing the government wants to do is run a railway. Believe me I have studied this for 20 years whilst riding on shitty privatised trains.

 

[progressive hunter]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

the free market didnt fail,,, your socialist leaders took advantage of the situation and took over a private company

The socialists are cheering this. The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move. Your ignorance should mean that you should keep quite on issues of which you are. ignorant.

no ignorance on my part,,,you OP clearly shows they took advantage of the current situation ,,,,

The franchises could not maintain a service so were in breach of their franchise agreement. The last thing the government wants to do is run a railway. Believe me I have studied this for 20 years whilst riding on shitty privatised trains.

so you admit they took advantage of the situation,,,

 

[Mikeoxenormous]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

Amtrack has been running in the red for the past 20 years here, because the government took over and provides it with 5 billion dollars of tax dollars, so unions can sit on their ass and do nothing. Bust the unions, cut the useless legs of the service, bring trains up to new standards and people might actually use it, like they do in the NYC to WashDC run. But alas, stupid people are in charge of the government corp and nothing will change...

 

[Yarddog]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

Americans, this is why Leftists are all over Twitter today, panicking and hyperventilating about "the virus". It's not about the virus at all. They saw their chance to nationalize everything and, at Trump's signal yesterday, they see their chance melting away.

Don't be fooled. Let the UK go their way; they're sunk and have been for a long time.

We are not them.

THANK GOD

Exactly right....which is why we shouldn't be bailing out airlines and hotels -- if we do, that opens the door to socialism and nationalization of private industry......


The free markets are more than capable to handle this

"the free market" isnt shutting things down. The government is shutting things down.... granted in an emergency move, that is not the free markets fault, or choice. Our hands are tied, so if the government who holds all the tax money that the free market has created decides to do an emergency bail out, that only seems a fair move.

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

 

[progressive hunter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

the barter system is what we do today,,,
we trade money that represents our labor in exchange for things we want or need,,,

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

the barter system is what we do today,,,
we trade money that represents our labor in exchange for things we want or need,,,

Why does that money have value?? Is it because you can pay your taxes with it?? Basically you are trying to defend this imaginary barter system by using government tender for payment...adorable...

 

[progressive hunter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

the barter system is what we do today,,,
we trade money that represents our labor in exchange for things we want or need,,,

Why does that money have value?? Is it because you can pay your taxes with it?? Basically you are trying to defend this imaginary barter system by using government tender for payment...adorable...

that money has value because I earned it,, it wasnt given to me for nothing

 

[progressive hunter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

the barter system is what we do today,,,
we trade money that represents our labor in exchange for things we want or need,,,

Why does that money have value?? Is it because you can pay your taxes with it?? Basically you are trying to defend this imaginary barter system by using government tender for payment...adorable...

OH and it isnt a government tender,,the fed reserve isnt the government

 

[Olde Europe]

The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move.

Privatized?

 

[Yarddog]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

they grew together. When the free market was in a simpler time... government was smaller and less necessary to put controls on a free market. Unless you were talking about abuse of power in a fuedal system or a conquering empire. Farmers and fishermen didnt count on government officials to come down and repair their fishing nets, or sweat in a field then cart vegetables to market. Ancient property rights were determined by the rule of possession. Your father lived here and his father before him, thus the land belongs to you. No one needed a government to tell them that.

 

[Tommy Tainant]

Government suspends rail franchise system after passengers plummet

Rail passenger numbers have collapsed in the wake of coronavirus

www.investorschronicle.co.uk

The UK government has suspended rail franchise agreements for six months and agreed to assume all revenue and cost risk posed to operators, after railways experienced a 70 per cent drop in passenger numbers following the advent of coronavirus.

They called Corbyn a commie for proposing this during the election and now here we are. This is initially for 6 months but they will likely find that corporations will be reluctant to return to this industry when things get back to normal.

The railways are an essential service and the private companies have always been backed by government money. Time to rip up the facade and run the network for the benefit of the country.

the free market didnt fail,,, your socialist leaders took advantage of the situation and took over a private company

The socialists are cheering this. The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move. Your ignorance should mean that you should keep quite on issues of which you are. ignorant.

no ignorance on my part,,,you OP clearly shows they took advantage of the current situation ,,,,

The franchises could not maintain a service so were in breach of their franchise agreement. The last thing the government wants to do is run a railway. Believe me I have studied this for 20 years whilst riding on shitty privatised trains.

so you admit they took advantage of the situation,,,

Im not sure how you come to that conclusion. The rail companies effectively handed back the keys because they wanted to avoid bankruptcy. The government had no choice. If they had they would have taken any other option. There have been several failed free market franchises over the years and in every instance the tories have given them back to the rail company vultures. And this despite those franchises being profitable and successful under government control.
It could be a win win situation for everybody if the tory bastards drop their free market dogma and do what is best for the country.

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

the first time two humans traded for goods there were no such thing as governments,,,

and back then a handshake was enough,,,

First of all...this barter system you are talking about is not a free market and not a single person on Earth aside from a few delusional pseudo-libertarians would want a barter system....so that's a fail...

And even this barter economy is itself mostly fantasy...

"various anthropologists have pointed out that this barter economy has never been witnessed as researchers have traveled to undeveloped parts of the globe. “No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money,” wrote the Cambridge anthropology professor Caroline Humphrey in a 1985 paper. “All available ethnography suggests that there never has been such a thing.”

The Myth of the Barter Economy

Adam Smith said that quid-pro-quo exchange systems preceded economies based on currency, but there’s no evidence that he was right.

www.theatlantic.com

So we should do away with patents, copyrights, etc -- and just rely on a handshake?

the barter system is what we do today,,,
we trade money that represents our labor in exchange for things we want or need,,,

Why does that money have value?? Is it because you can pay your taxes with it?? Basically you are trying to defend this imaginary barter system by using government tender for payment...adorable...

that money has value because I earned it,, it wasnt given to me for nothing

so you think money just exists in nature and gets its value because it just has natural value?? No...it has its value because you can pay taxes with it......

There is a reason why most developed countries in the world for the past 2000 years centered their societies around the monopolization of force -- because it works better than feudalism and anarchy -- and definitely works better than this barter economy that you still can't show me any evidence of

 

[Tommy Tainant]

The people who re-nationalised the failing railways are the same people who nationalised the network in a misguided move.

Privatized?

They don't understand either word so I think I got away with it.

 

[Biff_Poindexter]

Another free market fail as Britain nationalises the railways…

Not a free market fail.

A British fail.

Absolutely right. When the government doesn't allow the free market to be the free market, don't go blaming failure on the free market.

Free markets don't exist without government....and never has existed without government.....

free markets have been around longer than any government,,,

Please tell me a time where a free market existed without government...


How did this free market enforce contracts? How did this free market establish property rights??

I'll wait

they grew together. When the free market was in a simpler time... government was smaller and less necessary to put controls on a free market. Unless you were talking about abuse of power in a fuedal system or a conquering empire. Farmers and fishermen didnt count on government officials to come down and repair their fishing nets, or sweat in a field then cart vegetables to market. Ancient property rights were determined by the rule of possession. Your father lived here and his father before him, thus the land belongs to you. No one needed a government to tell them that.

and if I decided I wanted to take that land because I have an army to do it -- who is going to stop me?

Again...there is a reason you folks have to use terms like "ancient" and can't find any other examples of this fairy tale economy you fantasize about