Re:France's AMF watchdog fines Bloomberg €5M over Vinci hoax
by axlee on Tuesday December 17, 2019 @08:54PM
(#21821037)
The highways are actually privately operated. The privatization of highways was a big public issue back in the days, with most people against it arguing that it will lead to an increase in prices due to the profit-seeking nature of the operators.
Turns out, they were right, and in hindsight, privatization is a failure as far as the highway users are concerned.
But please, carry on with your factless dogma.
Re:France's AMF watchdog fines Bloomberg €5M over Vinci hoax
by mratsim on Wednesday December 18, 2019 @07:17AM
(#21824071)
In the mean time, public transportation the SNCF railway company is accumulating debts at an amount that would raise brows in a private company.
Though I don't have any stance on the private vs public for utilities/healthcare and the like:
- public companies are more likely to squander resources due to a backer that cannot default.
- private companies are more likely to price gouge captive consumers due to the immense barriers to entry and very few alternatives if any.
Pick your poison
I presume too big to fail works everywhere!