Japan has privatised rails. The rail company owns the land near the stations and charges rent on the prime real estate they create. If train service is bad, their real estate values go down. So they keep the train service good.
This is exactly what I am talking about: A private company has no incentive to keep up a non profitable part of its business. If Japan decided that those lines are socially valuable enough, the railways need to be de-privatised to a certain degree.
Japan has privatised rails. The rail company owns the land near the stations and charges rent on the prime real estate they create. If train service is bad, their real estate values go down. So they keep the train service good.
This is exactly what I am talking about: A private company has no incentive to keep up a non profitable part of its business. If Japan decided that those lines are socially valuable enough, the railways need to be de-privatised to a certain degree.
Thank you, that’s what I get for listening to rumours on the internet