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by vkhorikov
2647 days ago
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>Look at the results of the privatization of European national railways. I don't know enough about (Western) European railways but I have data about American and Russian railways. Russian railways are controlled by a single government entity and they are a corrupted disaster. Americans tried to nationalize their railways in 1800s and all it led to was higher costs and worse quality. My observation is that everywhere where markets are let free people get better results. It's true that most markets aren't free but it's not because of the markets themselves but rather because of the government staying on the way. |
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