The tragedy is that the current Labour Party, under Ed Miliband, still supports rail privatisation. Labour had 13 years to fix things, but did nothing. That great socialist John Prescott was transport secretary but even oversaw the final aspects of privatisation.
Of course, Labour nationalised Connex South Eastern into South Eastern Trains... but Alastair Darling insisted on re-privatising it as Southeastern, possibly England's most loathed TOC, with a f***ed franchise model based around profits from HS1 which never came. So the likes of Southeastern are being bailed out in the same fashion as British Leyland was bailed out - but with Go-Ahead's shareholders taking home some of the loot.
Even recently, Maria Eagle, Labour's shadow transport secretary, suggested the nationalisation of the East Anglia franchise... but only for the Olympics (!) Which tells you what an ideological mess they're in.
http://www.guardian.co.uk/uk/2011/jul/10/nationalise-east-anglia-rail-franchise-olympics-labour-party
And that's Labour and the railways for you. You can tell Labour Party members that the organisation they pay subscriptions to is as much responsible for the state of the railways as the Tories, and they go into denial.
While I understand this forum tries to keep politics out of discussions, the fact is that Labour, the Tories, and the Lib Dems all went into the 2010 election supporting a model we all know doesn't work. Which shows the contempt UK politicians have for public transport.
Of course, privatisation worked on discrete lines like Chiltern - but failed elsewhere. But national politicians of all three stripes aren't interested in long-term planning, as proved by the conversion of a corrupt Railtrack into an unaccountable Network Rail, leaking millions out into the wallets of useless bosses.
I don't know the machinations behind the Merseyrail model, but that and London Overground (pushed by Ken Livingstone against a Labour govt who wouldn't give him control of much else) show a model of a railway that works.
The London mayoral election will be interesting - both Ken and Boris want TfL to take charge of London's mainline railways on an Overground model. This seems like the way to go. If things are going to change, it may start in London. And hopefully, well beyond zone 6 after...
(although the advertising of a new Thameslink/Southern franchise may well prove that the current coalition bottom-feeders haven't learned anything - and this is the kind of thing that should come up in the London mayoral election, but maybe won't because it doesn't currently carry a roundel...)