So you switched from nationalisation of certain industries to taxpayer-funded cronyism?
I don't know all the details, but basically, yes.
The Deutsche Bahn was a state-owned monopolist for long-distance rail transport (both goods and people). During the privatization craze of the 90s or so, the government decided to turn it into Deutsche Bahn AG - a private company, listed at the stock exchange.
After a short transition, the C level started to think and act like C levels do, and - with a little help of big consulting companies - decided that public transport isn't all that interesting and profitable and that they would simply use it as leverage to become a huge, global, logistics company. You can already see where it all went wrong.
In order to raise capital, the government planned to sell its shares. But to make it interesting to buyers, the company first had to become profitable. So all that I've described happened. People in small towns suddenly found out that they were not using the train enough, so train service was discontinued and the station closed. Of course, now they had to use cars more which meant more traffic, roads maintainence costs increased, more roads had to be built - as a singular entity, the government before had included all those factors and decided that train service to this town was the right decision, even if the ticket sales by themselves didn't cover costs - but if you figure in the costs of not having a train service, suddenly it does make sense. As a private company, the Deutsche Bahn AG only considered the side of the equation it owned, and that didn't show a profit.
This happened to hundreds of train lines and stations.
Total damage to the german economy - unknown. Some estimates I've read are in the billions.