Railtrack is Dead – Long Live Network Rail? Nationalization Under the Third Way
Abstract:This essay offers, by way of an examination of the proposals to reform the railway industry, a case study of the government's attempt to operationalize the third way. That these proposals are consistent with the third way is identified within this essay and yet they would appear to give rise to the de facto renationalization of the railway infrastructure. In accounting for this apparent contradiction in the (third way) means used and the (old-style democracy) ends achieved, it will be argued that this new form of nationalization is consistent with the third way rather than any socialist understanding of the term. To this extent, therefore, New Labour have attempted to reconceptualize the process of nationalization in pursuit of the ‘new mixed economy’.
Document Type: Research Article
Affiliations: University of Hull, England
Publication date: 2003-06-01