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I think I missed the part of the article where they discussed a good reason not to privatize Amtrak. If government subsidy made it better than private sector al
by karzeem 15y ago
I think I missed the part of the article where they discussed a good reason not to privatize Amtrak. If government subsidy made it better than private sector alternatives, that would be something. But the argument here is what, that we should preserve a system that even with heavy subsidies can't manage to do better than the variety of profitable alternatives? Who does that help? It sounds like a decisive lose-lose.
The only argument in favor of preserving the status quo is to protect the jobs of Amtrak workers. But if that's the concern, it would actually be cheaper to let the market lay some of them off and just cut a giant, multi-year severance check to each of the affected workers.