N.C. gubernatorial candidate Michael Munger downloads his observations from Chile in a podcast on Chile’s transportation nationalization and public sector takeover (particularly after Chile has made so many pro-market reforms in other areas, such as social security).
Any lessons for buses and rail transit in North Carolina? (Hint: Post nationalization… ridership down, operates at big loses, and longer commutes. At least nobody profits. Listen very carefully to his discussion of incentives, private and public.)
(PS: Munger’s never going to be Governor if he keeps taking these kinds of trips. The opportunity cost is a campaign trail waiting for his whistle stops.)