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by littlestymaar
63 days ago
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> the most striking institutional feature of Japanese rail is that it is privately owned by a throng of competing companies. Knowing the author I knew it was going to be his main argument before even opening the blog post. And it's obviously wrong, these companies don't compete with one another, they all have a local monopoly. (The article itself acknowledges that and even acknowledges the organizational benefits of such monopolies, but the author could refrain himself from praising the virtue of competition nonetheless…) |
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