Colman Reilly on Nostr: public transport can’t be effectively run as a profit centre because most of the ...

public transport can’t be effectively run as a profit centre because most of the economic benefits don’t accrue to the passengers, they’re external.

I’ve read that the only tube line that ever made a profit was the Metropolitan, and only because they were the only ones allowed do property development along the lines they built so they could hoover up some of the external benefits.