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And people think the government has their best interests in mind.
by Antibabelic 1y ago
And people think the government has their best interests in mind.
- juliangmp 1y agoIronically, the folks here that have made experience with the state operated railway (Deutsche Bundesbahn) back when it existed (until 1993) say mostly positive things, especially compared to today. The modern German railway is a combination of both the state and a private company. So we get a for-profit monopoly that's ripping you off but also gets subsidized by the state. The worst of both worlds. This model of kind-of privatization is used in Germany in a few areas and it's god awful for everyone involved, like with the hospitals. I don't like falling politics especially here on HN but I cannot for the life of me understand why this model is still being defended by some people.
- mlinhares 1y agoSame reason journalists are defending fascism, they stand to make a profit (or think they do). You can always follow the money to find out why people are making decisions that are seemingly stupid.
- juliangmp 1y agoOh there's definetly people profiting from it but I think there's also plenty of cases where Hanlon's Razor applies.
- Philipp2398 1y agoI think it has less to do with the corporate structure and more to do with the cumulative effects of decades of neglected investments
- 1718627440 1y agoWhich happened due to the corporate structure.
- Eisenstein 1y agoI don't know anyone who thinks that. What I think is that a system which has as its goal extracting profit for investors doesn't work for public services which do not respond properly to market forces. Natural monopolies, services in which profit is extracted at the cost of benefit, and inelastic services which are bound to wellbeing are some examples.