"No national railway of a developed country has ever run a profit.
June 26, 2002 7:16 PM Subscribe
"No national railway of a developed country has ever run a profit. They're not supposed to. The correlative economic and social benefits they throw off -- bringing commuters to taxpaying corporations daily, for one thing -- more than offset any net loss they suffer."
[via camworld]
You don't run your home's central heating, air conditioning or plumbing at a profit, so why should a country try to run its infrastructure that way, be it rail, health service, water, ...? Is it forced on us because nationalised services always seem to become fantastically inefficient and bureaucratic?
posted by southisup (63 comments total)
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posted by howa2396 at 9:28 PM on June 26, 2002