January 19, 2012
"The way high-speed rail
projects have been collapsing around the world,"
writes Reason.com managing editor Tim Cavanaugh, "you’d think
they were corrupt, outrageously expensive, fiscally ruinous, poorly
planned government efforts to build a 19th century means of
transportation for which there’s no demand." As bullet trains
fizzle overseas and public support dwindles at home, the next step
is for voters and politicians to realize that high-speed rail is
not a good idea poorly executed. Failure is built into the
concept.
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