A system of state control can't be made good merely because it is run by "clever" people who make the arrogant assertion that they "know best" and that they are serving the "public interest" interest which of course is determined by them. State control is fundamentally bad because it denies people the power to choose and the opportunity to bear responsibility for their own actions.
Conversely, privatisation shrinks the power of the state and free enterprise enlarges the power of the people.
For Britain, the 1970s was a decade of decline: even worse than that, our people seemed to accept it. Our nationalised industries were inefficient, overmanned, and weakened by restrictive practices. Government had no business being in business.
We tackled privatisation in the way which best suited us.
Altogether, through our programme, we demonstrated that we could rebuild an enterprise society and we showed that privatisation worked. It was better for the consumer, better for the taxpayer, and better for the health of an industrial and commercial country. Many others followed our example.
Indeed as the Economist put it:Nationalisation, once all the rage, is out; privatisation is in. And the followers of the new fashion are of the left, the right and all hues in between.