Login
or
Register
Home
»
Trains Magazine
»
Forums
»
Passenger
»
The Sunset Limited
Edit post
Edit your reply below.
Post Body
Enter your post below.
<p>Free societies, including free markets, are not perfect. They have generated their fair share of abuse. But they are better than state controlled societies and markets. Witness the transitions in Russia, India, and China, which have embraced freer market economies even as they shun all or many of the features of democracy. </p><p>I spent most of my working life with a large electric utility. When I signed-on it was a regulated monopoly, which meant it had no industry competition. It looked like what I imagine Amtrak's inner workings to be. The waste was awful. But by the time I retired the electric utility market had become competitive. My employer became leaner, meaner, and more effective. Most of the stakeholders benefited from competition, although some of the employees lost their make work jobs and some never made the transition to a competitive environment.</p><p>Free markets, albeit imperfect, will force out the inefficient and incompetent. My support of them is not ideological. It is driven by a sharp pencil as well as a recognition that if the user doesn't tote the note, someone else will have to pick it up.</p>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy