Amtrak’s Penn Station in New York City, once one of the most glorious cathedrals of commerce built by one of the most successful transportation companies in history, is collapsing. Tracks are in disrepair. That’s because they have not been properly maintained over decades since Amtrak, despite promises to the contrary at its founding in the 1970s, has consistently lost tons of money.
After Decades of Government Disaster – Isn’t it Time for Something New? Trains are jumping the tracks at Penn Station. Trains for the national passenger railroad – the disastrous, deficit ridden Amtrak with its pathetic so-called high-speed Acela trains, which are anything but high speed in many places – have been delayed as have the commuter railroads also using Penn Station, New Jersey Transit, and the Long Island Railroad. The latter, in true government enterprise fashion, both lose tons of money. They seem to be run for the benefit of anyone but the long-suffering passengers and taxpayers who pay for this government engineered mess. This summer the number of trains that will enter and leave Penn Station will have to be reduced. That is making commuters and long-distance rail passengers groan.
This post was published at Ludwig von Mises Institute on June 12, 2017.
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