3 ms·
This is a good example of policy makers not falling for the fallacy of "efficient public transport system = financially self-sufficient". A good public transpor
by lambdadmitry 7y ago
This is a good example of policy makers not falling for the fallacy of "efficient public transport system = financially self-sufficient". A good public transport system has to be cash-negative because of its positive externalities. If it's cash-positive, it's either too expensive, under-investing, or both. It's a government's job to price the externalities in by reaping the fruits of economical growth (via taxes) and investing it back into public transport.