The Antiplanner will be presenting a new paper tomorrow at the Cato Institute titled “Fixing Transit: The Case for Privatization.” The paper was not yet posted on the Cato web site, but you can download an advance copy.
Most transit systems in America were private and profitable, if declining, as late as the 1960s. Since being taken over by the government, transit productivity has greatly declined. The number of passenger trips carried per transit employee has fallen by around 50 percent and the inflation-adjusted cost of carrying one rider or one passenger mile has grown by about 150 percent.
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