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| Re: NYC Rail networks—bursting at seams? (1352856) | |||
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Re: NYC Rail networks—bursting at seams? |
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Posted by WillD on Wed May 20 07:07:50 2015, in response to Re: NYC Rail networks—bursting at seams?, posted by Dyre Dan on Wed May 20 05:56:49 2015. It doesn't matter what happened in the economy, if they managed their business so badly that they did not write the contract to allow for currency fluctuations then they deserved to go out of business. You can't claim private enterprise was successful in running NYC's transit while simultaneously excusing their egregiously inept business practices because the dollar lost value.We're damn lucky the IND and city takeover came along. Far more of the el network would have been torn down if the IRT or BMT had been acquired by National City Lines and converted to bus routes. Regardless of whether they could have made a profit in the 1920s with a 7 cent fare, that wasn't going to last. The only way they turned a profit in the postwar period was when Moses imposed a draconian fare increase and began deferring maintenance to make them "profitable" so he could float more bonds, but even then they didn't turn a profit. |
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