Richard Wellings appeared on BBC Radio 5 Live to discuss rail privatisation.
Dr Wellings argued that criticisms of the rail network are valid, particularly the unacceptably high level of taxpayer subsidies. The mistake many critics make, however, is that this is a result of privatisation. Dr Wellings argued that the process people are referring to was not privatisation in "any meaningful sense of the word" as the government maintained very tight control of the industry. The franchising debacle over the West Coast Main Line is testament to the control the government still has over the industry today. Genuine privatisation would result in the closure of loss-making services but instead we have just witnessed a rise in taxpayer subsidies.
Listen to the full programme here.  Segment begins at 1:19.21.