Episode 535 • • 2:19:44 - 2:24:35
535: Swivel-Chair Speed
Rail Industry Corruption, Siemens vs. Bombardier, 1847 Parallel
The European rail industry is described as being rife with corruption and multi-billion euro scandals. A specific rule is noted where companies involved in serious accidents are ineligible for bidding on new 16-billion-euro contracts for five years, raising the possibility of corporate sabotage. The current over-investment in high-speed rail is compared to the "train bubble" of 1847.