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Bus Boom
futureofcapitalism.com
Bloomberg News has a dispatch on the surge in intercity bus operators like Megabus.com and BoltBus. Left unexplored are two policy angles: first, how inconvenient and intrusive federally mandated airport security procedures, which don't apply to bus travel, have helped to make buses a more attractive option than flying for some trips. And second, how the market is meeting the same need for intercity transportation that President Obama wants to address by spending $53 billion in taxpayer dollars on high speed rail. What a contrast between the efficiency of an entrepreneurial, market-driven, dynamic approach and the cost of a government-driven, central planning approach.
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Bus Boom
futureofcapitalism.com
Bloomberg News has a dispatch on the surge in intercity bus operators like Megabus.com and BoltBus. Left unexplored are two policy angles: first, how inconvenient and intrusive federally mandated airport security procedures, which don't apply to bus travel, have helped to make buses a more attractive option than flying for some trips. And second, how the market is meeting the same need for intercity transportation that President Obama wants to address by spending $53 billion in taxpayer dollars on high speed rail. What a contrast between the efficiency of an entrepreneurial, market-driven, dynamic approach and the cost of a government-driven, central planning approach.
Read More...
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Jeff Plungis
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