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0 pointsjustinjlynn2y ago0 comments

(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)

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eru2y ago

Freight 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... and see eg the share of rail in all transport.

Eisenstein2y ago

You mean when they ditched their much-less-profitable passenger lines and forced the government to deal with them, then heavily consolidated?

justinjlynnOP2y ago

Lobby to socialise or externalise all the costs. Work to privatise only the profits. Typical mode of operation.

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