I've been aware of
The Economist for many years, but it's only in the last two or three that I've been paying more attention to it.
You can attribute most of that to my agrarian-conservatie-turned-Disciple-of-Rand background. But as one grows older, an understanding of the need for pragmatism develops. And a visit to some of the more grass roots-oriented employment and political/economic sites will confirm that
the number of voters drawn to the fringes, from both left and right, is increasing, just as back in the dangerous 1930's.
Clearly, major changes to the structure of our economy, especially with regard to transportation, will have to be allowed to evolve. And historically, the most profound changes have arisen from small, but highly popular concepts which took root due to their own suitability and popularity, rather than haveing been imposed from above, according to a rigid formula.
Still,the public sector can play a major (and proper) role in reducing or getting around some of the major obstacles; if the powers within the Beltway can embrace the concept of "too big to fail" (about which I retain some serious reservations) then the concept of "too big (or just too politically vulnerable) to (directly/privately) finance" would seem easier to understand.
And as Mr. Norman pointed out in another thread, the opportunity for both the financing and technical development of hybridized forms of transport entrepreneurship could be vastly expanded.
http://railroad.net/forums/viewtopic.php?f=137&t=67261
I do have to respond to one of Mssrs. Benton and Matthews points, however:
David Benton wrote:
The graphs are from the AAR , (american association of railroads ), and i suspect thats where the rest of the information and opinions came from too .Though they do have a brief quote from Don Philips , but its not clear if it is in context with the rest of the article or not . i suspect he would have qualified it , given the chance.
I don't read the Economist a lot (can't afford it). Its philosophy is the "free market" will solve all our problems. I don't agree with that.
I have to point out that the overwhelming percentage of the financing for our freight system came from private capital, freely invested,
While the HSR dream is pushed overwhelmingly by those who subscribe to the bureaucratic mentality which continually goes around looking for new and expanded "problems" to "solve",
thereby paving th way for an Albuquerque-Denver-Cheyennne-Billings HSR used exclusively to fish for the support of eight Senators and a handful of Representatives,
And that difference, IMHO, makes the AAR's argument worth more than that of a hundred partisan planners.