Earlier quoted context omitted.
Err UK rail was famously terrible before "privatisation". Not that privatisation is the answer, nor that being public was at fault, but I'm not sure rewriting history is helpful. Looking at UK water companies being privatised so their owners can stuff them full of debt to get around the profit caps is probably a better case study. Profit percentage caps are silly because the obvious way to make more money is to make…
I read in a lot of articles that it is actually more terrible for a lot of tracks after privatisation in the UK. What happens is that companies focus on the most profitable tracks, so the other ones are not well maintained. An example: https://www.theguardian.com/commentisfree/2017/dec/05/the-gu...
But, as a counter: https://www.ft.com/content/d192b1b4-458b-11e5-af2f-4d6e0e5ed...
Now indeed, the terrible service in the past was most likely due to underfunding, but recent history suggests we'll consistently vote in a Government that starves national infrastructure then sell it off to it's mates, so it's hard to see public ownership lasting and resulting in success.