I'm not a political beast but I do remember and lived through the nationalised industries, water, gas, electric, docks, road transport, railway, coal, public transport, air travel, prisons, postal services, they lost billions and billions of pounds, were controlled by the unions and were devastated by strikes and ridiculous wage demands which nearly busted and practically bankrupted our nation under all of our governments, we lost our automobile, ship building and countless other industries because big time Charlie unions tried to inflict left wing policies on our nation, they lost then and they have just signed up to political oblivion because our nation will never give in to left wing idealism.
Britain lost its industry due to Margaret Thatcher and her political ideology on the free market.
Our nation? Other nations profit from Britains lost industy and privatised energy, transport and utility networks. vast profits running into billions are leeched out of the UK. £900m went to EDF/GDF as profit. Iberdrola in Spain took hundreds of millions out of the UK ... And on that goes.