"The German government isn't all that good at running Deutsche Bahn"...
You do realize that "Deutsche Bahn" just like "Deutsche Telekom" both are only in part owned by the government and that both companies. Plus since they have been privatised service quality has gone down steadily. Germany used to have one of the most advanced telecommunication networks before the privatisation, now we are trailing behind most eastern European countries.
In Germany both companies are seen as a poster child for privatisation having gone wrong.
Oh and with most German public companies, the only way they still stay competitive is that their competition has declined much more rapidly.