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I prefer cooperative ownership. It’s a nice mix of public sector and private sector benefits, keeping the competition without extracting as much of the profit a
by moksly 5y ago
I prefer cooperative ownership. It’s a nice mix of public sector and private sector benefits, keeping the competition without extracting as much of the profit as possible for investors.
For things like waterworks, internet, power and trains I never really understood the privatisation. I mean, I sort of understand I on paper. Public procurement is supposed to keep things great and cheap because there is some competition as different companies can bid to win the temporary monopoly every X years. The result is almost always both poorer quality and often also higher expenses in the Danish public sector however. A good example is how we privatised elderly care, which made a ton of small businesses flourish, but because it’s a required care it also caused a looooot of extra cost when these small companies went bankrupt, which happened to be extremely often. You could have 5 companies going bankrupt on a Friday, but that doesn’t mean the elderly citizens they take care of no longer needed medicine, so the public sector would need to find immediate replacements until a new regular company could be contracted. Getting people “right now” is extremely expensive.
Anyway, public transportation in Europe is already extremely public, even if there are private companies involved, it’s still the government paying them to operate and not the other way around. So ticket price is really just a matter of deciding what you want it to be.
Making it feee will cost the government very little in terms of tickets. It’s biggest loss might actually be from lower fuel taxes because people drive less.