Friday, October 30, 2015

[Singapore] Govt should run public transport system

Channel NewsAsia: "“If you tell a private corporation that I’m going to judge you on the basis of your quarterly results and your bonus is based on your quarterly results, why would you want to spend money on long-term maintenance? That only adds costs and doesn’t shore up my quarterly results,” he said.

“I hope as we write our economic history, we can honestly admit that we made mistakes … The question is: Have we learnt from our mistakes and are we prepared to move ahead?”"
Government investment is putting money in, so public gets a benefit. Private investment is putting money in to get more money out, regardless of public benefit.

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