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  Let us indeed think back to pre-privatisation days.
  
  Back when The Post Office had a telephone monopoly. There was waiting lists to get a phone and they were all old dial phones unless you paid more to get a push button trim phone. It was so very expensive too, a creaky system that tried all it could to prevent innovation.
  
  I remember the old National Freight Corporation, subsidised and inefficient competing against private haulage firms - the first of the privatisations, showing the way to a better future.
  
  Then of course we had heavily taxpayer subsidised steel industry, producing steel from subsidised coal, some of which went to subsidised shipyards that built subsidised ships for Poland (among others) that competed with the British Merchant Marine - who of course could not compete and shrunk in size. Not to mention the subsidised steel that went to Leyland to build expensive cars that did not work and no-one really wanted.
  
  All that subsidy of course went to cover the costs of over-manning to protect old-fashioned restrictive working practises and to cover the costs of regular strike action....
  
  Then of course there was all that expensive energy provided by inefficient state monopoly providers. Yes, indeed - remember the regular 'black-outs' thanks to all those strikes as well.... Halcyon days of big state industries being protected from having to modernise and compete. A recipe for economic decline and disaster.

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