Noske
Member
I guess it is a way to combine some of the benefits of being a private company and yet retain some public control. The conumdrum is indeed that one does not want to have sluggish bureaucratic state enterprises that ignore the market, and yet avoid giving over what is indeed a natural monopoly to a private company that only serves its private shareholders. It works quite well, as long as the management does not forget that they are there to serve the country, and as long as poiliticians do not interfere unnecessarily. IN this particular case management wanted more investment in capacity while their political masters stuck to a more short term interest.
We have the same arrangement for the railway network, and a few other companies of national interest, such as, indeed, our central bank.
Major infrastructure decisions by private companies may rely on careful and calculated analysis for twenty years or a hundred years. Whatever.
I have boldened some words in your quote for a reason. I do not have any particular faith in the ability of politicians to make decisions that they will be responsible for beyond their term in office.