That's the point, they underfunded it to make it horrible.
This is the kind of bullshit conspiratorial thinking that is ruining politics!
Firstly, there is almost never a "they" who do anything. There is no one group that runs everything.
Secondly, even parties that are against privatisation also underfund public utilities when they are in office. A Labour did with railways, energy, water etc when they were in office. This maybe because government are awful at running things, but I don't think so. It's more because governments can borrow very cheaply, but have so many demands on their cash that they struggle to justify investment in boring stuff like sewerage plants, when they could be garnering votes by giving nurses pay rises or building hospitals.
It doesn't mean you can't run a nationalised industry well, but if one requires long-term planning and vast amounts of cash for investment - it does become much harder.
Biting the hand that feeds IT
