I'm not convinced. If the reforms of the past created a more organised police force through nationalisation, and if the current forms of oversight would still be necessary (and funded by who?) then why are you suggesting privatisation? I'm not seeing it.
You think that private firms would provide a presence on every street? I don't see it happening, especially in less well off areas. In my cynical opion they'd do as little as possible for as much cash as possible. Who would have oversight where areas overlap, or in which chases or investigations cross operational borders? Further more, the chances are that in order to provide decent coverage the government would end up subsidising the system anyway.
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