Econ101GSIPresentations

Econ101GSIPresentations - David Cashin: The Future of...

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David Cashin: The Future of Amtrak: Private Good or Public Service? mediocre service, late, never profitable government owned corporation in operation since 1971 decline of private passenger rail business combined 7 largest private rails city to city was its goal amtrak mainly serves the east, also out to the far west relys on public funds reasons for privatization nearly insolvent high costs, but meager traffic public subsidies are expensive propensity to spend money on capital improvements to lightly used routes monopolistic power used to strongarm congress for more resources and stop private competition solution: public private partnerships reasons to keep public public service so can’t be seen like normal business positive externalities economic growth environmental national security recent news 1.3 billion in stimulus funds for amtrak conclusion amtrak is not perfect, but a valuable service in areas where air travel is not fesible
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Econ101GSIPresentations - David Cashin: The Future of...

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