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.
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”…
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.
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”…