People who say “the economics don’t add up” and then do not provide any useful information about the economics are stupid.
Nowhere does the article mention that there are 100,000 people paying those annual memberships already. On top of that, there are the daily users paying as well. So maybe Mr. Ransom needs to go back to economics class, because the program is massively oversubscribed, and is adding capacity to deal with the huge demand.
Yes, you can buy a bike at Walmart, but then you have to either leave it on the street where it gets stolen, or haul the heavy P.O.S. up and down stairs in NYC, or try to get it onto your elevator which in most buildings isn’t allowed.
People who decide that they just hate bicycles, because they suspect that liberals like them are really the stupidest sort of shit.