[LMB] OT: General Rules of Government
rcrcoll6 at gmail.com
Sun Jun 20 01:02:53 BST 2021
That's the pneumatic car? I've seen pictures of it after it had been
On Sat, Jun 19, 2021, 6:06 PM Pouncer via Lois-Bujold <
lois-bujold at lists.herald.co.uk> wrote:
> Alex Kwan of the subways in Hong Kong:
> >> the subway system is technically an independent company, just with
> >>the government owning the majority of its stocks. But people are often
> >>unhappy with it whenever it increases fares, precisely because it is
> >>very profitable.
> Howard Brazee replies:
> > It’s the only profitable subway system in the world.
> Fun fact, the New York City subway system had three independent
> subway company lines, all three making profit, from dates of
> construction until Mayor (and another historical Miles Vorkosigan-like
> figure) Fiorello Henry La Guardia imposed price controls. In short
> order all three lines gave up trying to continue profitable operations
> at five cents per rider per trip, and sold out to the city itself.
> New York's municipal government subsidized the lines and held the
> price artificially low for decades. The city did inter-connect
> what had been independent lines, so there's that. But the notion
> that "public transportation" and "mass transit" is an intrinsic
> responsibility of the government, to be funded by taxpayers and
> operated without regard to the rewards and motivations of profit --
> that's a odd and counterfactual concept of the late 20th century.
> While we're fun facting, the first NYC subway was illegally
> constructed by submitting false documents to the city zoning
> authorities. The builders CLAIMED they were putting in one
> more pneumatic message tube to serve banks and stock brokers,
> not any service for common citizens. So of course the city authorities
> approved the proposal.
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