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(it's not a basket case because it's nationalised, it's nationalised because it's a basket case - thank the automotive industry - and it's a national security a
by justinjlynn 3y ago
(it's not a basket case because it's nationalised, it's nationalised because it's a basket case - thank the automotive industry - and it's a national security asset)
- eru 3y agoFreight railroads weren't always doing so well. They picked up a lot after deregulation. Compare also https://en.wikipedia.org/wiki/Impact_of_the_privatisation_of_British_Rail https://en.wikipedia.org/wiki/Impact_of_the_privatisation_of... and see eg the share of rail in all transport.
- Eisenstein 3y agoYou mean when they ditched their much-less-profitable passenger lines and forced the government to deal with them, then heavily consolidated?
- justinjlynn 3y agoLobby to socialise or externalise all the costs. Work to privatise only the profits. Typical mode of operation.