3 ms·
Actually the opposite is true. For example the UK was at the forefront of modern railtrack privatization, and it went horribly wrong: https://www.citylab.com/tr
by bildung 8y ago
Actually the opposite is true. For example the UK was at the forefront of modern railtrack privatization, and it went horribly wrong:
https://www.citylab.com/transportation/2012/09/why-britains-railway-privatization-failed/3378/ https://www.citylab.com/transportation/2012/09/why-britains-...
There are countless examples in Europe were privatized infrastructure actually has been bought back by the public because it has been neglected by the private holder.
- ekianjo 8y agoIt's not because there are failures of the private sector that it dooms the idea completely. But failures of operating train lines under national supervision is rather the rule than the exception. Look at the TGV in France, which is a complete commercial failure that needs constant government intervention to keep it afloat. https://www.reuters.com/article/us-france-reform-sncf-debt/france-to-absorb-35-billion-euros-rail-operator-sncf-debt-les-echos-idUSKCN1IM24O https://www.reuters.com/article/us-france-reform-sncf-debt/f... Same thing for Deutsche Bahn in Germany: https://www.businesstraveller.com/business-travel/2018/09/11/germanys-deutsche-bahn-faces-challenging-times/ https://www.businesstraveller.com/business-travel/2018/09/11...