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> I think the free market is probably a better outcome as long as there is oversight and regulation. The problem is weak regulation.

Public services can be regulated and have oversight, too. What properties do private services have that make them more amenable to being regulated?

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Well as not part of the government they are a hell of a lot easier to sue.

Nationalised industries can be (and often are) structured as ordinary companies where the government owns all the shares.

The ability to sue thing also depends a lot on where you are. The Crown Proceedings Act 1947[0] waived most of the special protections government operations got, especially in "commercial" areas. So in practice it's not worse here than suing any other large organisation.

[0]: https://en.m.wikipedia.org/wiki/Crown_Proceedings_Act_1947

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