 "The Economist (US)")
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Franchise the railways. (privatization of British Rail) (Editorial)
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British Rail should be broken up into several franchises when it is sold to public companies. The resulting competition will enhance service and create lower ticket prices.
The idea of letting rival companies run trains on the same railway line disappeared in an early puff of steam: the world's first regular passenger service, on Britain's Stockton to Darlington track, was handed to a monopolist after only five years, in 1830. Now rail competition beckons again. On today's railways it can be engineered by allowing rival companies to bid for the right to run services, and it may ...
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