It’s official. Privatization does not kill people. Incompetence kills people. The same fault that caused the Potters Bar crash five years ago – and led to the UK’s rain infrastructure being taken back into (effectively) public ownership – has caused another death in Cumbria. In a shockingly similar scenario, investigators of last weekend’s crash discovered that one of three stretcher bars on a set of points was not in position, two were fractured, and bolts were missing. The crash itself may have fractured one bar – but the other, and the missing bolts, presently look like faulty maintenance.
Missing bolts and a loose bar were critical features of the Potters Bar tragedy, causing the press and politicians to heap contempt on Railtrack, the private company in charge of the infrastructure after privatization. It will be interesting to see whether the new provider, Network Rail – more of a quango than a company, with institutional ‘members’ rather than shareholders – gets the same treatment. It has, after all, spent £7bn of taxpayers’ and rail travellers’ money on upgrading the very line where the latest accident occurred, so it cannot claim that funds were short. But no doubt some people will be demanding that taxpayers shell out even greater sums on the rail network.
We kill thousands of people on the roads each year, so rail travel is amazingly safe by comparison. But train crashes are spectacular and provide bigger news stories, generating more public concern. Rationally, we should be spending more on road safety rather than still more on rail.
The hero of the latest crash is said to be the train driver, but really it is Virgin Rail’s new Pendolino train. That is the one which tilts in order to go round corners faster. In Cumbria it was doing 95mph. Previous crashes, even at low speed, have left us with a mass of twisted metal, and many casualties. But Virgin Rail’s train is packed with safety features, and survived intact as it was designed to do, no doubt saving many lives. And of course, it is privatization that allowed new operators like Virgin to run services and introduce their own higher-tech rolling stock. So that bit of privatization has undoubtedly been a life saver.
Accidents happen, whoever is in charge. Time for a little humility all round. The important thing is to align the incentives so we get fast, efficient, cost-effective and safe rail transport. The pre-privatization structure certainly did not. The privatized regime had big problems too. And I am not sure that the present arrangement is up to the job either.
From Adam Smith Institute
Tags: Libertarian, Politics, Liberty, Freedom