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by ekianjo
1019 days ago
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They are not monopolies at all. In major cities you have tons of companies competing on different lines > , but the vast majority of their initial development was government funded Source??
Most countries developed railroads with private investments first. |
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If you were to talk in terms of asset value, then yes, the government did fund most of it; but that was because the Shinkansen were enormously expensive compared to the old, narrow curvy mainline network. In fact, the large Shinkansen debts are why JNR had to be privatized; the government restructured the private groups so that all the debt was confined to a ‘bad bank’ paid for by the government.