Are there any public transportation schemes in America that actually make more money than they are subsidized?
“Public investment” is a term that is retarted sir
Besides roads, if that, I cannot think of a single thing that government can do better than the private sector.
The canals, most of them, made about 4%. Don’t know if you want to call them “subsidized,” but they had state bond guarantees.
In the age of the railroad there were 3 competing to be the first to become an intercontinental rail. 2 of them used government subsidies and grants and the power to take land, one of them did not. The northernmost.
It was still profitable until the government began passing laws favorable to the other two. While the other two tried to build a more direct and straight across line across the country, the northernmost of them built local spurs and lines to cities and towns where railways were needed most. This gave them revenue to use building more rail, although it meandered more than the subsidized lines.