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China has built the world’s largest bullet-train network
(www.economist.com)
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Why do we have to consider public transport "a waste of money" when they are not being run as a business????
China considers HSR a public good! They are meant to give convenient transport to everyone!
Also, do people realize road maintenance takes a lot of money too? Should governments stop doing that because they don't make money?
FXXK this everything has to make money attitude of neoliberliasm!
Not only does it have to make money but it must make at least 10% more than last year.
Because, even if it isn't being run as a business, it is still being run as a government service. Since no country has infinite money, there is still a cost benefit ratio that should be looked into. There are a lot of government projects or there which are bad investments and should be deprioritozed over other better investments.
This ties into use. A lot of Chinese still use low speed rail because they can't afford the high speed rail tickets. There may be some lines where it is better to fund and and expand low speed rail because the demand isn't there for high speed.
(I just realize that the link posted by OP is a 2017 article)
Of course. I agree that cost benefit ratio needs to be considered. I also agree that in some cases low speed rail already suffice, but is it the argument they are making? I can't read the article despite I want to because there is a paywall.
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It appears to be the argument that the Economist is making. High Speed rail is a good technology that should be implemented, just not at the scale China implemented it at.
Like cars and roads