Tories Admit Humiliating Failure
The Owen Jones Podcast
Owen Jones
4.4 • 1.4K Ratings
🗓️ 12 May 2023
⏱️ 9 minutes
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Summary
An entire plank of Tory ideology has collapsed. They promised privatisation would deliver efficiency, cheaper prices, better performance, and modernisation. It did the oppose - and in a humiliating u-turn, they've started having to start nationalising what they flogged off.
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Transcript
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| 0:00.0 | This is a humiliation, a total humiliation for conservative Tory ideology, |
| 0:05.9 | neoliberal ideology, pre-market ideology, capitalist ideology, whatever you want to call it. |
| 0:10.4 | Now, the Conservatives have been forced to admit that a key plank of what they believe in has failed |
| 0:16.0 | and that is the P word privatisation. Today, a right-wing Tory government committed to |
| 0:22.0 | rampant unabashed capitalism, at least in ideological terms, was forced to renationalise |
| 0:27.9 | an entire railway network, the Transpennine Express. Why? Because under private ownership, |
| 0:33.6 | run by private profit is, to be blunt, the so-called service, and the owners were first group, |
| 0:39.2 | charged with running trains from northern England to southern Scotland, to be completely blunt, |
| 0:44.9 | as I've said, this service sucked. Completely sucked, as even the government |
| 0:49.8 | have had to admit, hence what they've done. If you're one of the unlucky passengers who's had to |
| 0:54.0 | use this diet company, you've suffered disruption, cancellations, and a steep decline in the |
| 0:59.2 | liability for a very long time. Now, you know what, this doesn't just cause inconvenience to people's |
| 1:04.2 | lives, but can it be devastating enough? There's all sorts of reasons why you need to travel somewhere |
| 1:10.0 | promptly. It damages people's livelihoods and it has done because many depend on a functioning |
| 1:15.2 | train network in order to work, obviously, to do their business, work, whatever. Now, |
| 1:21.2 | this is the fourth railway service to be renationalised by, it must be emphasised again, |
| 1:27.2 | a very right-wing conservative government in the last half a decade. Now, to be clear, |
| 1:31.2 | the toys are not doing this because they want to. It runs against the very core of their ideology, |
| 1:36.0 | which is that you let the market run riot. That private entrepreneurship, they put it, |
| 1:40.8 | private ownership will always be a huge success, it will beat the public sector, |
| 1:45.4 | it will be more efficient, it will be more responsive to customers, |
| 1:49.4 | it will be more modern, it will be more affordable, all that kind of stuff, |
... |
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