> Deutsche Bahn is a useful parallel. It was once fully public and later privatized A joint stock company fully owned by the government isn’t exactly privatize

> Deutsche Bahn is a useful parallel. It was once fully public and later privatized A joint stock company fully owned by the government isn’t exactly privatized either. It’s still controlled and staffed by the government and is financed by government budgets, with tons of decision making constrained by being a public interest. In practice it just means the management and financial structure operate as a pseudo corporation.