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This chapter argues that the system of privatisation regulation reflects the age of hyper-innovation in British government. The onset of hyper-innovation played a key role in the collapse of a club world that had pre-democratic origins. It presents an account of rail regulation, which represents the first great crisis of the regulatory system, and its failure in this crisis. It considers the wider issues of business regulation, showing how the fragility of this wider system has interacted with the fragile system for governing privatisation.
Keywords: privatisation regulation; Britain; rail regulation; business regulation; hyper-innovation
Chapter. 14818 words.
Subjects: politics
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