this post was submitted on 15 Nov 2024
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Canada
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Wasn't it originally a huge public undertaking? It was my understanding that the rails and CN began their lives in public ownership before being privatized.
Did I misunderstand things?
The railways were built privately for the most part, and eventually most of them defaulted on loans and became CN. Which I guess was public for a long time, but competed with a number of private operators still like CP. Via was a heavily subsidized passenger crown corp because nobody could make passenger service profitable.