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US High Speed Rail
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<P mce_keep="true">America is a democratic republic. All sorts of people influence our society, including lobbyists, some of whom have more clout than others. In an authoritarian society the outcomes are influenced by lobbyists who tend to look a lot like military thugs. I prefer the kind that we have in the U.S.</P> <P mce_keep="true">In a sense we are all lobbyists. Every time we vote or write to one of our elected representatives, we are trying to influence the government to promote our interests.</P> <P mce_keep="true">Under the worse case scenario, according to the Intergovernmental Panel on Climate Change, airplanes contribute about three per cent of the emissions thought to contribute to climate change. Moreover, the newer engines coming on-line are far more efficient and environmentally benign today's engines.</P> <P>I have no argument against high speed rail. I have an argument against using taxpayer money for a commercial activity that is only used by a very small percentage of the population and does not have a prayer of standing on its own.</P> <P mce_keep="true">As I have argued in other posts, the best outcome for the U.S. would be to slowly stop subsidizing all forms of transport and allow the most competitive forms to emerge in the markets that they are best equipped to serve. This is not likely to happen. But taking taxpayer money to build HSR is akin to throwing gasoline on a fire. At the end of the day the subsidy matrix grows and becomes more complex, with the taxpayers holding the bag.</P> <P mce_keep="true">Imperfect as it is a smartly regulated competitive market, in the long run, will force a better use of scarce economic resources than any other economic model. </P> <P mce_keep="true"> </P>
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