[embee]

I've always thought that privatisation and de-regulation together are a recipe for disaster.
Privatisation per se isn't intrinsically a problem, but the idea that people running big businesses can be trusted to act ethically and honestly without tight regulatory oversight is a joke. Unfortunately the politicians who decide on the regulatory framework look at it with a view to using the system to the advantage of their peers, too many of them (not all) come from the same mould. They do what they think they can get away with, not necessarily what is right, too much lust and greed.
It's only when the stuff hits the fan good and proper that they are forced into looking again at the regulation of sensitive business sectors.