Ah, the good old ‘new equipment, new investment myth’ that is perpetuated by successive UK governments.
The system is dead easy, all you do is starve the existing public service of finance because after all, they are doing a good enough job anyway and our priorities are elsewhere.
Then when that industry has fallen behind and is hopelessly uneconomic, the costs of bringing it up to date are so great that it is more convincing to argue that the ‘private sector should take the risk’.
We have seen both Labour and Tory administrations do this, in many industries and across the last three generations.
It usually ends in far greater long terms costs, once you are dependent upon the supplier then a sort of cartel grows up, where all the bidders for the next contract are operating from the same script.
Private Finance Initiative (PFI) Is an absolute classic case in point, the administration got private initiative to build maintain and run hospitals, and in some cases even raised a little money selling off franchises, but money up front only hides the long term cost.
The so called privatisation of our railways is another case, from being an out of date under invested and highly subsidised industry, it is now just slightly out of date, the most expensive railway in Europe to travel on, and receives more public money than it ever did when it was state run.
You can look at our electrical power generation industry, this was sold of on the basis that it would attract greater private investment, however now that our capacity is nearing the end of its life, EDF energy has been approached and has agreed to build two nuclear power stations, but the result will be a levy on every consumer merely for capital costs - explain how that is using private money, because it seems to me that the consumer will bankroll it to underwrite the risk and then spend the next 50 years paying more for the product to fill the pockets of shareholders, instead of reinvesting it.
You can repeat this with much of Public Services, from the Forensics science laboratories, through to Air traffic control, as for the disaster that is Group 4 security, well they really have made a royal screw up with Birmingham prison - hey, but that’s OK since private always performs better than public don’t it?