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And I believe this to be totally wrong — an extremely sweeping statement. Anyone with any knowledge of the subject would cite many other reasons, such as the manner of privatisation, the sort of companies that took over, etc, etc, etc.
The privatisation of railways actually came from EU policy, so it happened all over Europe at the same time. Everywhere in Europe the infrastructure is split from the railway operators to allow competition on the railways. Most countries then made their railway operator a publicly owned private company. Only in the UK they attempted a full privatisation. Even though free market competition is possible now all over Europe, you hardly see it.