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lynx
There's not really much of an alternative you can do for rail travel. Splitting it up geographically just creates a bunch of separate isolated monopolies.
You can't have 5 different train companies running services between popular destinations (e.g. Guildford <-> Waterloo).
My point is that where monopolies are very hard to avoid is where you need proper oversight/regulation. Most Governments are weak in this respect and corporations often have better lawyers to work around whatever rules are in place.