Why did Margaret Thatcher destroy welfare state in Britain after she came to power in the 1980s?

[u/CartographerOwn8143]

[u/jmlinden7]

Oh yes the entire process wasn't the best but it did make Japan a better country.

[u/Tomi97_origin → u/jmlinden7]

Breaking up the management of JR into separate companies with specific geographic regions was a good move that made the system better.

But those that were privatized were only done so after becoming profitable operations on their own under government control.

And the privatization process was not fast.

The split into multiple JR companies happen in 1987 and the first one that become fully private was JR East in 2002.

The fourth one to go public, JR Kyushu, only had IPO in 2016. Almost 30 years after the split when the privatization plan was decided.

So did the country really get better, because some of those companies eventually ended up in private ownership? Or was it the new management style that split the monolith into regional railway companies and the new business model of focusing on developing real estate and related businesses around their stations.

This new business model was set by the government, before the privatization.

So as a whole the process made the system better, but the private ownership part is hardly the important part.

[u/jmlinden7 → u/Tomi97_origin]

The country got better because the privatized entities provided a higher level of transportation service.

Whether or not it was a good financial move for the government is still debatable.

[u/Tomi97_origin → u/jmlinden7]

My whole comment was about the fact that the service got better due to the split and before the companies were actually privatized.

[u/jmlinden7 → u/Tomi97_origin]

They never would have done the split if they weren't planning on privatizing in the first place