Uh, most mass transit systems globally don't cover operating costs. That's why they're *public* systems. https://twitter.com/vpostrel/status/747819677192159232 …
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my guess is by not amortizing/including cost of infrastructure?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Because there's a slower alternative, gov'ts don't feel pressured to keep prices below market-clearing levels
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In Japan, for example, urban transit fares are all capped, but Shinkansen fares are set entirely by owners
End of conversation
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