Friday, December 7, 2018
On the Fact that the Union Pacific and Central Pacific Railroads Took Boatloads of Money from the Federal Government and Still Ended Up Filing Bankruptcy While James J. Hill Didn't Take a Dime from the Feds and His Great Northern Railroad Succeeded Wildly
I know that I've written on this topic before but I truly believe that there's a lesson here and that of course is to not be reliant on the government (and, yes, that goes for the individual AND the big corporation). a) It destroys incentive and efficiency and b) it tends to come with a lot of red-tape. My advice is that you're far better off sinking or swimming on your own.