NATIONALIZATION-THE MYTH AND THE TRUTH

This article examines some of the myths about nationalization that (1) persistently bedazzle those who see in its glamorous facade benefits for the many, or (2) give aid and comfort to those who do not care to look too closely behind this facade. The myths identified are: (1) Nationalized railways often return a tidy profit to their shareholders, (2) Whatever losses they have to cover, taxpayers get their investment back in the form of cheap transportation, (3) Europe's fine TEE trains are typical of the equipment nationalized railways offer both passengers and shippers, (4) Nationalization provides job insurance employees - and guarantees no further shrinkage of the railroad plant, and (5) Whatever the pitfalls the Nationalization, U.S. rails are in such trouble that there is no alternative. The article takes each of the myths and presents arguments and statistics to disprove them.

  • Availability:
  • Corporate Authors:

    Simmons-Boardman Publishing Corporation

    P.O. Box 350
    Bristol, CT  USA  06010
  • Publication Date: 1972-3-27

Media Info

  • Features: Figures; Photos;
  • Pagination: 6 p.
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00043505
  • Record Type: Publication
  • Source Agency: Railway Age
  • Files: TRIS
  • Created Date: Apr 27 1973 12:00AM