3 ms·
Note that China also does this, and this is illegal in nearly every other country under anti-trust law. This happens to also be the only way to make passenger
by metildaa 7y ago
Note that China also does this, and this is illegal in nearly every other country under anti-trust law. This happens to also be the only way to make passenger profitable, capturing the positive financial externality.
- kilotaras 7y agoCan you expand on that? "land around train stations" doesn't look as a market that should be subject to anti-trust laws.
- metildaa 7y agoMost countries view it as a monopolistic tactic akin to how railroads used to be the only buyer for produce & grain in many rural areas of the US, as they would refuse to sell space for bulk goods that they also traded in. Vertical integration is a strong force, especially when it comes to infrastructure.