Hakim then claims other cities don't have underground utilities or environmental review. This is mindboggling incompetence.
So @MMViverito asking Hakim why subway construction costs is 100% (or more) in NYC than elsewhere. Hakim says she is "not 100% sure of #s"
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Hakim: "We're in New York. This is an expensive part of the world to construct." Yeah, and Paris and London are sooo cheap. Please.
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Privatization is the only solution to the New York City Subway crisis. No amount of reform or revenues could fix MTA in any of our lifetimes
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If you're talking construction costs (which this thread was) most of it is already carried out by private companies. That isn't the issue.
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2/ This is well explained by Nobel laureate James Buchanan and Public Choice economic theory and well accepted -- not a novel claim.
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Oh please! Buchanan is a proponent of the discredited supply side "voodoo" economics, designed to serve the rich and sacrifice the poor
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1/ Revenues not used to invest in system but subsumed by rent-seekers. This is the problem of the MTA and most gov't run entities.
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If you ride the very well funded NYC Subway and compare to much better but less well funded systems, you cannot come to any other assumption
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Not an argument. How do you explain that NYC subway costs more per mile - by 100%+ - than any other system, yet is a broken mess?
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Yet most other systems also public. I love when libertarians point out the failings of "the state" by pointing only worst examples in U.S.pic.twitter.com/qPjM8Jzqep
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