Also, companies like Amazon and Uber made huge losses for YEARS, so they could increase market share and eventually use their size to incur massive profits later.
I wouldn’t compare china’s railways to amazon or uber. They don’t need to make a profit in the first place. Dumbass neoliberals, despite proclaiming themselves as the clerics of capitalism don’t even seem to understand that the only bad kind of debt for a government is foreign debt. And china has a massive trade surplus. They don’t need to give a shit that the railways are making a loss.
I’m so incredibly confused by this argument lol. Do these people think the US is making any profits from roads? Oh right, the automakers and gas companies’ profits are what matters.
Literally a week ago (China State Railway Group includes high-speed rail as well):
Source: https://www.scmp.com/economy/china-economy/article/3276871/chinas-railway-operator-brings-gravy-train-posting-profits-and-lowering-debt-ratios
Also, companies like Amazon and Uber made huge losses for YEARS, so they could increase market share and eventually use their size to incur massive profits later.
I wouldn’t compare china’s railways to amazon or uber. They don’t need to make a profit in the first place. Dumbass neoliberals, despite proclaiming themselves as the clerics of capitalism don’t even seem to understand that the only bad kind of debt for a government is foreign debt. And china has a massive trade surplus. They don’t need to give a shit that the railways are making a loss.
I’m so incredibly confused by this argument lol. Do these people think the US is making any profits from roads? Oh right, the automakers and gas companies’ profits are what matters.