Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The private sector never built a modern rail infrastructure either, and it never will.

Not without massive subsidies and subsequent banruptcies, most likely. But the US transcontinental railroads WERE built by the private sector WITH such subsidies and subsequent bankruptcies. Amazingly, those who built the railroads got away with keeping the alternating square mile checkerboard of land grants through the process. Ah! the glory of spin-offs, even in the 19th century. It was the existence of that real estate that made George's single tax anathema to the Robber Barrons.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 4th, 2012 at 09:12:33 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series