Rail track shows the whole experience of privatisation in the UK since 1979 has been a complete disaster, critically assess this statement.

Privatisation refers to the transfer of assets or economic activity from the public sector to the private sector. It is much more than denationalisation and has many facets, many times the government keeps a substantial share in the privatised company British telecom is an excellent example of this where originally 48.9% was kept. In other cases public corporations have been sold in their entirety (national freight company) as well as government owned shares in private company such as Amersham, British petroleum. The government has even fragmented unattractive public corporations and sold of attractive parts like Jaguar cars from British Leyland. Increasingly privatisation have become much more complex, often being used to restructure industries by breaking up of monopolies and establishing market based relationships between the new companies….(short extract)