alt Hacker NewsTo play devils advocate, in NYC which has a massive transit network. There exists a series of private transit "companies" (sometimes just a guy with a 10 person van), that provides routes that are poorly served by the publicly run transit network. The famous Chinatown buses would be another example, that run between Chinatowns in the North East, are incredibly cheap, fast, and are profitable.
Replies
It's not really devil's advocate, it's the way Capitalism should be structured. If we had government covered health care I'd expect private markets of vanity surgery or uncovered procedures to still exist. If we had government run utilities you'd still have private installments for demanding needs, generators, off-grid construction, etc, etc.
then that's not a natural monopoly and not a good example of what is being discussed.
> To play devils advocate, in NYC which has a massive transit network. There exists a series of private transit "companies" (sometimes just a guy with a 10 person van), that provides routes that are poorly served by the publicly run transit network.
Are they part of the regular fare structure?
They still run on public roads.
I'm all for multiple city bus operators.