Deutsche Bahn’s once-admired service has descended into chaos. Whether decades of poor investment or the company’s unusual structure is to blame, it’s a huge headache for a coalition trying to meet climate goals
I remember Postal Service profitability being a political issue under the second Bush, too. Trump didn’t start that. He probably even benefited from the previous rounds because he bought a historic post office in DC when it was sold off and he turned it into a hotel. That’s the same hotel where people stayed during his presidency to curry favor with him.
You want to put pressure on these things to make them more cost effecient. You’re in a capitalist system which does that job very well. But since this is not really a replaceable company, the government has to own these companies until they go public.
Right? When did we start becoming concerned with a public service being “profitable”? I’ve heard this applied to the US Postal Service a lot recently.
Yet nobody ever expects the road system to turn a profit. Why should trains be any different?
I first remember it becoming an issue when a failed businessman turned president wanted to run the country like one of his failed businesses.
I remember Postal Service profitability being a political issue under the second Bush, too. Trump didn’t start that. He probably even benefited from the previous rounds because he bought a historic post office in DC when it was sold off and he turned it into a hotel. That’s the same hotel where people stayed during his presidency to curry favor with him.
You want to put pressure on these things to make them more cost effecient. You’re in a capitalist system which does that job very well. But since this is not really a replaceable company, the government has to own these companies until they go public.
Late 80s, early 90s, with the rise of the rise of the Chicago School of neoliberalism.