Re: I'm pondering how bad "government control" would really be
FWIW, GNER was taken out of private hands because they were not making (enough?) profit and "nationalised". Said government operated rail service went on to make healthy profits while in the process of pushing it back into private hands. Virgin took it over and went on to fail in the same way. GNER is now back in public hands and making record profits again.
Sometimes, public ownership works better than private. Maybe this is just the exception that proves the rule.