Trains.com

Here comes the latest e-mail blast request!

3344 views
33 replies
1 rating 2 rating 3 rating 4 rating 5 rating
  • Member since
    September 2017
  • 5,636 posts
Posted by charlie hebdo on Tuesday, December 31, 2019 10:56 AM

NKP

Sadly,  few or none.   Happy New Year. 

  • Member since
    May 2019
  • 1,768 posts
Posted by MMLDelete on Tuesday, December 31, 2019 1:40 PM

NKP guy

The Wealth of Nations...a book everybody likes to cite but almost no one has actually read.

 

 
Flintlock76
Smith says (in so many words) that if you're in business, and you foul-up big-time you deserve all the trouble you get?   And don't expect others to pull your fat out of the fire like it's a right? 

 

   Obviously Smith never met a modern American big businessman.  They believe that one socializes the costs, but privatizes the profits.  

   How many businessmen have been jailed and disgraced for their role in the 2008 Depression?

 

And the CEO gets a $35mil going-away present after a major failure.

  • Member since
    December 2019
  • 292 posts
Posted by divebardave on Tuesday, December 31, 2019 3:34 PM

zugmann

From the linked propaganda:

 

"Today's market-based, balanced regulatory framework allows freight railroads to operate like other private businesses and to earn enough revenue to make massive, necessary investments into maintaining and expanding their infrastructure."

 

Dots - Sign

 

  Todays hands off no regulation enviroment allows our company to buy back its stock and delay infatructure improvements for up too 100 years or more in order to skim off the top and reinvest our profits in other industries that are far more sexier then railroads.

  • Member since
    May 2005
  • From: S.E. South Dakota
  • 13,569 posts
Posted by Murphy Siding on Tuesday, December 31, 2019 3:53 PM

divebardave

 

 
zugmann

From the linked propaganda:

 

"Today's market-based, balanced regulatory framework allows freight railroads to operate like other private businesses and to earn enough revenue to make massive, necessary investments into maintaining and expanding their infrastructure."

 

Dots - Sign

 

 

 

  Todays hands off no regulation enviroment allows our company to buy back its stock and delay infatructure improvements for up too 100 years or more in order to skim off the top and reinvest our profits in other industries that are far more sexier then railroads.

 

 

I think you just described PennCentral.

Thanks to Chris / CopCarSS for my avatar.

Join our Community!

Our community is FREE to join. To participate you must either login or register for an account.

Search the Community

Newsletter Sign-Up

By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy