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Privatization doesn't fix that; the state just ends up continuing to chuck money every time the companies (who are now in charge of critical infrastructure, and thus can't be allowed to fail) cry poor. It ends up being less efficient with a bunch of extra money flowing to the private sector. At least this is the Australian experience.


> the state just ends up continuing to chuck money every time

Then that's not a private entity, that's a government funded contractor, with the government shelling out the money with no accountability.


Perhaps we need to try the Tokyo model, with multiple competing subway/rail companies.

But unfortunately most cities are nowhere near the size and prosperity of Tokyo.




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