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If high-speed rail in CA made financial sense, why wouldn't a for-profit enterprise be interested in doing it? Because there are externalities which a private
by andreyf 18y ago
If high-speed rail in CA made financial sense, why wouldn't a for-profit enterprise be interested in doing it?
Because there are externalities which a private company can't benefit from, but that people benefit from.
- akbar5919 18y agoThey benefit, but not enough to pay for it? More importantly, what's the difference between "private company" and "people?"