Totally agree
@DickyP
It's always difficult to get the balance. Labour nationalised the railways and the mines after the war. Claiming that the country would benefit by using the profits to improve the lives of everyone.
Problem was that during the war the government did totally control them and capital spending was around zero due to the war effort. After the war they had been starved of so much investment that they needed massive injections of cash, which simply wasn't available. Not only that, nationalised industries become departments vying for cash against all of the others. Of course, there is also little incentive for staff to improve, or initiate change. Which is why throwing more and more at the NHS has been seen again and again, to have no benefit whatsoever. Same with the police. It always money that is the problem but when they have it nothing changes.
After the war ministers at the time had hundreds of new steam engines built, that ended up scrapped, maybe within ten years. All at a time when everyone else was switching to oil or electricity. There are those who claim that Aberfan was caused by the refusal by the government to pay for a new tip in the preceding months due to budget restrictions.
Having said that, before the Tories privatised the railways in the 1990s, we had arguably the best in Europe. They removed the people who had any knowledge and replaced them with many who didn't. It was done to 'make them competitive'. As two or three companies couldn't run on the same lines I fail to understand the logic. Their competition was road transport and 'planes, not railways. A disaster, just as Ed Moribund's GB Energy will obviously prove to be. Maths and business are clearly a total mystery to him in his socialist Disney Land World .