this post was submitted on 03 Aug 2024
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[โ€“] poVoq@slrpnk.net 73 points 3 months ago* (last edited 3 months ago) (8 children)

I would say the root cause of the DB issues is rather the failed attempt to privatise it, which caused ~~years~~ decades of infrastructure underinvestment to cook the books to make it look more attractive to private investors.

But of course the strong car lobby also played a role in that.

[โ€“] daw@feddit.org 1 points 3 months ago (5 children)

There are no private investors. Its 100% owned by the state...

[โ€“] trollercoaster@sh.itjust.works 2 points 3 months ago (1 children)

But they are organised as and run like a private company and driven purely by short term profits and will pay big time bonuses to their executives (usually ex polititians) every year.

[โ€“] daw@feddit.org 2 points 3 months ago

Yes, the point I was trying to make was not that being owned by the state makes it work better: in fact I think it is absurd that it is a "for profit" company which has no incentive to make profit as it's owner will never hold them accountable by letting them go bankrupt, as that is not an option. We have the worst of both worlds, almost as if public necessities ("Daseinsvorsorge") and natural monopolies do not make sense to run "privately"....

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