Re:China has built the world’s largest bullet-train network
by scott_karana on Tuesday January 17, 2017 @05:33PM
(#13422102)
> Rail systems are almost never profitable. The US, at least in spirit, doesn't like government subsidies.
Excuse me? Japan privatized its rail system in the late 80s, doesn't subsidize any of the JR companies[1][2] (which are all publicly traded to boot), and has a profitable enough industry that there are now numerous private operators[3] of various sizes who successfully compete.[4]
Excuse me? Japan privatized its rail system in the late 80s, doesn't subsidize any of the JR companies[1][2] (which are all publicly traded to boot), and has a profitable enough industry that there are now numerous private operators[3] of various sizes who successfully compete.[4]
1 http://www.railway-technology.com/features/featurelevel-play...
2 https://en.wikipedia.org/wiki/Rail_transport_in_Japan
3 https://en.wikipedia.org/wiki/Tokyu_Corporation, and see the box at the bottom for lots more
4 https://en.wikipedia.org/wiki/Transport_in_Greater_Tokyo#Oth...