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More on the negative consequences of monopolistic pricing
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Who is "we"? Certainly not most of us in the mainsteam. You repeat the talking points of left-of-center academia, who view the world through Keynesian-colored glasses. <br /> <br />What "we" want is for our representative government to maintain a business environment which encourages competition while protecting us from the tendancy toward monopoly. Thus, the government is charged with the dichotomy of providing sustenance when business failures that may affect economic security come to fruition, while at the same time preventing or breaking up monopoly by either regulation or anti-trust action. <br /> <br />What is happening in the railroad genre is that very tendancy toward monopoly empowerment thanks to the shortsightedness of the STB, and this monopolistic action is causing a loss of important infrastructure in large sections of the nation. Thus, the feds have failed us on two fronts, and it's apparent that it will be the states who have to take up the slack in preventing more degradation of the infrastructure, but the states are not as empowered to employ either re-regulation or anti-trust breakup, something that is badly needed and will eventually be forced upon the feds in due time as the complaints amass to a level that cannot be ignored. <br /> <br />What the railroads are doing by raiding and looting their portion of the nation's infrastructure is eventually shooting themselves in the proverbial foot. Railroad management are way to attuned to the "here and now" concerns of the bean counters, while ingoring the intangibles that do not make it into the ledger. No one up there has any foresight to know that you keep and grow your customer base even if it means conducting business at less than the bean-counter-prescribed minimun profit margins. You do not just lop off all but the richest customer connections. <br />
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