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Deutsche Bahn has a (quasi) monopoly on German long-distance trains and is state owned. It has to operate some connections at a loss. It also maintains the rail
by allendoerfer 6y ago
Deutsche Bahn has a (quasi) monopoly on German long-distance trains and is state owned. It has to operate some connections at a loss. It also maintains the railways.
German streets a build by the state, not by Volkswagen or Mercedes Benz. Airports are owned by local governments and often a loss-leader, sometimes epic disasters (with the exception of Fraport).
It is extremely hard to compare trains and argue about whether they are competitive or subsidized.
- presentation 6y agoI find it silly that people think that train fares should cover a train's value. Few people are riding trains just because they really love to sit on a train. The value is in that you got from point A to point B. Unsurprising that East Japan Rail is super profitable, given that they're only partially a train company - rather they're a real-estate play that builds human conveyor belts into shopping/apartment/office complexes they control. Ordinarily I am skeptical of private enterprise to serve the common good, but in the case of the public transit system here in Japan and other Asian metros it really does seem to have produced great outcomes.