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> Why is $85B automatically bad? I didn't say automatically, I referred to "my words above" - that kind of money, and the profits on top of it, can only come f
by bigbadfeline 1y ago
> Why is $85B automatically bad?
I didn't say automatically, I referred to "my words above" - that kind of money, and the profits on top of it, can only come from monopoly pricing and it's a strong sign that the business in question is operating in near monopoly conditions.
In most of the world, railroads (and other roads) are government owned because it's hard to make that kind of business competitive plus there are natsec issues to address. The privatization trend is recent.
- jabl 1y ago> In most of the world, railroads (and other roads) are government owned because it's hard to make that kind of business competitive plus there are natsec issues to address. The privatization trend is recent. In many parts of the world, railroads were originally private enterprises. The US is perhaps exceptional here in that they never nationalized theirs.