France's AMF watchdog fines Bloomberg €5M over Vinci hoax

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.

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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

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