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State Ownership vs. Private Enterprise?
State owned operations have a tendency to be bloated and inefficient. Private enterprise puts the shareholder first.
For infrastructure industries such as railways, what is the best option? The privatised UK train network is inefficient, expensive and unreliable, just as it was under government ownership (but the tickets are much more expensive). What are the best options and why?
63 months ago
4 answers
HYBRID
Government and private partnerships.
Any thoughts?
63 months ago
A government-owned corporation undertakes commercial activities of government which has at least 51% of the paid up share capital is held by government with objectives to achieve more equity in the distribution of income amongst the citizens of the country and to gain the momentum in the growth of the nation.
63 months ago
This is not Government’s job to operate a train like services, they mostly fail to provide quality service and to meet the competition . However it’s there job to make all the necessities for an operator to run the train and to govern such operators.
And other options may be including more than one vendors. Like in airlines. However we still need to figure out how to best design a multi vendor model for train like network, and where to invite vendors etc. In private sector best way to control the cost is to create competition.
63 months ago
In case of necessary situations private companies along with public Companies generating strategic growth for the society and Government Company becomes more required in giving all powers which a private sector company is deprived of and when private companies lack financial arrangement and the objectives are not fulfilled, the private sector joins hands with Government Companies to create effects for growth and expansion.
63 months ago
