The Adam Smith Insitute in the UK (one of a growing number of really sharp rightist think tanks over there) has today published a paper I authored on why the British experiment with railroad privatization went so badly wrong and what the UK can learn from the US experience with railroad deregulation. The central lesson is that an over-complex structure combined with excessive regulation means that the private sector cannot bring its skills to bear. It was those factors, and not privatization in itself, that caused the current mess over there. If you’re interested in privatization, regulation or just like trains go and take a look.