Yes. I actually think this should apply to publicly run systems as well. It seems like in the US we often lament that government run systems run at a loss inst

Yes. I actually think this should apply to publicly run systems as well. It seems like in the US we often lament that government run systems run at a loss instead of a profit, but also tend to hamstring them from doing things (like building shopping, dining, offices, housing on top of transit stations) that a private enterprise would do to make its investment profitable.