Quote Originally Posted by Rollo
Up until 1994 British Rail wasn't just subsidized by taxpayers but vicariously owned by them. It was government owned and then sold into private hands; thus privatization.
But if they are funded by Taxpayers is it safe to assume they are also regulated to the point that certain services are forced upon the companies?

Can the Railway Companies stop service to unprofitable areas without having to answer to politicians or special interest groups? If not than there wasn't real privatization but outsourcing to a private company