I do like trains, I just know they cost more than value of the service they deliver in passenger transport. W/o unions & all robotic, maybe?
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All good but, all minor variables compared to the central issue of economic justification. Will people choose it over other methods/alterns?
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They can't choose it if it doesn't exist, and even today they're choosing the inferior versions where they DO exist (ie, in major cities)
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So, let's modernize existing rail systems to cut down wasteful costs and bring in more passengers, then privatize it when it's profitable
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As a train enthusiast, I agree. As an amateur economist I can't. Services become profitable when people want them, not want when profitable.
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And people want them when they can get more value from them, thus: increase value -> more people want it -> profit
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Over in Boston, commuter rail trains are often overcrowded: demand is much higher than supply!
End of conversation
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