> European states with Napoleonic law appear to avoid the cost spiral. At least not in France. The "SNCF" had to be rescued by the French state three times sin

> European states with Napoleonic law appear to avoid the cost spiral. At least not in France. The "SNCF" had to be rescued by the French state three times since it was created in 1937. And it was created because the private companies it replaced were bankrupt. [0] (in French) Each year the French state gives ~16 Billion Euros to the company [1] (in French) [0] https://www.lemonde.fr/les-decodeurs/article/2018/03/19/cinq-questions-sur-la-dette-de-la-sncf_5273270_4355770.html https://www.lemonde.fr/les-decodeurs/article/2018/03/19/cinq... [1] https://fr.wikipedia.org/wiki/Soci%C3%A9t%C3%A9_nationale_des_chemins_de_fer_fran%C3%A7ais#Subventions_et_aides_de_l'%C3%89tat_et_des_r%C3%A9gions https://fr.wikipedia.org/wiki/Soci%C3%A9t%C3%A9_nationale_de...