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by eqvinox
3 hours ago
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For context, in case people are less familiar with German politics: DB is in a misbegotten state of privatization, started in the 90ies. The government spun it out into a private company but still owns 100% of it. They were trying to pump it up so they could sell it for good money. They did that by skimping on everything including maintenance, to try and make the numbers look good. Except they never got to whatever magic numbers they wanted before the maintenance debt came rearing its ugly head and now everything is royally screwed. And because it's a private company, there's a whole bunch of barriers limiting how much they can even subsidize the thing at this point. Not sure if this is better or worse than the UK's Network Rail story, but at the end of the day the only thing that will solve this is if they re-nationalize the tracks & infrastructure. What kind of an idiot thought including that in the privatization is a good idea is beyond me. It's not like you can build a 2nd railway network in order to get free market & competition. (For comparison, imagine privatizing the entire road network, village street to Autobahn.) |
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