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<p>The profit motive helps drive efficiency and effectiveness.  I worked for an investor owned electric utility for more than three decades.  Even when we were a regulated monopoly, we were constantly reminded of the need to meet the shareholder's expectations, i.e. profits to pay dividends and accrete the value of the stock.  With deregulation of the electric utility business in Texas, the profit motive became even more of a disciplinary force.</p> <p>If a commercial enterprise (a common carrier transporting people for a rental fee is a commercial enterprise) is not governed by competition and the profit motive, what drives or helps drive efficiency?  Moreover, why should passenger rail, which is a commercial enterprise, be given a pass with respect to earning its keep?</p>
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