It is too easy to look at the problems on our passenger railway and think it is only happening here.
It is not, the USA struggles to keep Amtrak running because of costs. Other countries passenger transport is subsidised, or of a poor standard.
I really do not like nationalised industries, but the cost of equipment and the running costs are enormous.
Franchising is obviously not working, if enough people want fast, luxury transport then the bullet has to be bitten.
If nationalisation could only be done without involving politicians. Any and all politicians!