4 ms·
neither of those is public transit though. For example of well-run systems with inecntive structures aligned with the public interest see ComfortDelGro or MRT
by throwawaymaths 2y ago
neither of those is public transit though. For example of well-run systems with inecntive structures aligned with the public interest see ComfortDelGro or MRT
- vlovich123 2y agoFrom Wikipedia about MRT: > making the network one of the world's costliest on both a per-kilometre and absolute basis. The system is managed in conformity with a semi-nationalised hybrid regulatory framework; construction and procurement fall under the purview of the Land Transport Authority (LTA), a statutory board of the government that allocates operating concessions to the for-profit private corporations SMRT and SBS Transit. These operators are responsible for asset maintenance on their respective lines, and also run bus services, facilitating operational synchronicity and the horizontal integration of the broader public transportation network. Privatization doesn’t work for infrastructure that has no competition. That’s why the cheapest broadband is when the city runs and maintains the fiber & companies pay for access to the customer base.
- throwawaymaths 2y agoMRT was only nationalized recently. and even so it competes with comfortdelgro. The ~only parts that are not privatized are land acquisition and expansion. That makes sense. Like if you haven't been to singapore (or Tokyo or Hong Kong) you just don't understand how different public transit is, and you don't understand the scheme behind how it's privatized, and why that creates alignment between the commuter and the company (and how the US fails to do this in every city), then you should go there and see for yourself.