Earlier quoted context omitted.
At a certain point the comparison breaks down. Yes, public transit is subsidised. But it isn't subsidised in such a way that it is expected to eventually become self sustaining - tax-payer funding is expected to continue in perpetuity. That's not the case with Uber and Lyft. VCs are subsiding their rides on the expectation that eventually the company will dominate the market enough to not require subsidy any more.
> That's not the case with Uber and Lyft. I mentioned this elsewhere, but I wonder if maybe cities should run light rail and buses along the most used routes then subsidize private companies (like Lyft and Uber) to service people outside of those routes. I used to ride #43 Taylor's Ferry in Portland twice a day and I was sometimes on the bus by myself or with three or four other people. I bet it would have been far c…
I'd argue that there's no reason transport agencies couldn't do this kind of intelligent routing/hailing themselves. The problem is usually that government is actively punished when they don't go for the cheapest possible alterative, so rather than hire a team of skilled, innovative developers, they out source to a lowest cost bidder. As a result it looks like private enterprise is the only place where innovation happens. It's a shame.