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If rails are to be nationalized in the future, why would a private operator build one now? If you believe the inability to profit from the build on a recurring
by sokoloff 3y ago
If rails are to be nationalized in the future, why would a private operator build one now? If you believe the inability to profit from the build on a recurring basis will happen, that’s an effective ban on construction of then by private operators now.
- lmm 3y ago> If rails are to be nationalized in the future, why would a private operator build one now? Nationalisation in a country like the US generally means getting bought out at a fair, even generous, price.
- delfinom 3y agoYea but I wouldn't be so happy with nationalized rail tbh. We have the MTA in NY, they run the railroads and subways. The agency is massively bloated by costs not just where it costs $1.5 billion per mile to expand the subway, but even the railways are bleeding billions per year.
- JumpCrisscross 3y ago> getting bought out at a fair, even generous, price Can you show me one example from the post-War era where we nationalised something that wasn’t about to fail?
- lmm 3y ago> Can you show me one example from the post-War era where we nationalised something that wasn’t about to fail? If we don't nationalise things that aren't about to fail then why should anyone be scared of being nationalised?
- sokoloff 3y agoThis subthread started with that suggestion: https://news.ycombinator.com/item?id=40140547 https://news.ycombinator.com/item?id=40140547 Nobody is currently afraid of it, probably because no one is seriously contemplating it.