If privatisation is best for a sector, how come the British Steel Industry is in the shit and the first thing that comes to mind to save it is to nationalise it then?
Essential services like sectors like Steel, water, telephone and energy should never have been privatised. It served no benefit to the public but enriched the corporations.
Steel should be bought according to market price and a bankrupt entity has a value of Zero. I remember ING being sold for a pound.