Earlier quoted context omitted.
>very different incentives to the market. They are concerned about being elected, that's it. Hence why we have huge infrastructure bills coming to haunt us, pensions that are out of control (though dwarfed by infrastructure costs), and other passing the buck behavior. That's not to say they're bad, do no good, etc. Just that their incentives are such that they can't enact good policy oftentimes or possibly even tell…
> They are concerned about being elected, that's it. Politicians are clearly incentivised by election, but saying its their only concern is generalising and reductionist. The rest of your comment makes a lot of points, but broadly seems to assume that I'm claiming that private companies have no place in transport infrastructure, which is not the case. My point was that "the market" meaning an unmanaged build-it-and-t…
The item that worries me, and based on decades of observation, that the private companies will snap up all the profitable routes and leave the non-profitable routes to the city, thus deepening the budget gap.
The "market" will do that w/o some sort of regulation specifying that the private companies have to support the other routes.
Kind of points to the cable industry and local agreements w/ towns.