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Yeah, the problem with passenger rail is, as you said, "the government won't let them fail as a group." In other words, they don't have skin in the game. It's
by AlbertCory 4y ago
Yeah, the problem with passenger rail is, as you said, "the government won't let them fail as a group." In other words, they don't have skin in the game.
It's also true that freight is a much more attractive business for a railroad, AFAICT. If you fuck up, you just compensate the owners; no one gets killed (most of the time). But the railroads don't have the option of just giving up passenger service, so they can make it so crappy that people leave