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CN Purchased BC Rail
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[quote]QUOTE: <i>Originally posted by jchnhtfd</i> <br /><br />Kindly relax and get over it. CN is a multinational, publicly held corporation. As such, it is in business to make money using capital assets. This it does, exceedlingly well. <br /> <br />CN is NOT, repeat NOT, in the business of providing a social service, nor is any other private corporation, either in Canada or the United States (or the United Kingdom, for that matter). <br /> <br />If the people of British Columbia (or Wisconsin, for that matter) want to have more rail service, or different rail service, it is not difficult to do: pass appropriate legislation to provide appropriate subsidies to the relevant railroad. <br /> <br />For reasons which I completely fail to understand, there seems to be a commonly held notion that somehow railroads should be public servants, unlike any other private corporation -- but that notion does not seem to extend to providing the money to perform the public services (see the debates over Amtrak in the US, for instance). <br />[/quote] <br /> <br />Lest you forget, ALL the Canadian and Western U.S. railroads received more than their fair share of government aid. This forever requires from them a certain level of social services, unless and until they pay back every penny (plus interest) of subsidy and every single acre of land they were granted (or the cash equivalent, plus interest). If you do not accept this and understand this, and continue to ply the myth of the railroads being "just like every other private corporation", then you are in serious default of perceptive and cognitive abilities. <br /> <br />If certain states and/or provinces want decent rail service, they would be much better off developing their own rail systems independent of the Class I oligarchy. The Class I oligarchy is charged by their global investment firm owners to squeeze every red cent out of the property ASAP, wherein once the property is no longer functional, they will abandon the industry altogether and re-invest in other non-rail properties. Why should BC, Wisconsin, or any other regional body tie any future investment into a massive sinking ship, other than the fact that the typical elected official is void of the understanding of how corporate raidership works.
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