Why on earth does an artist’s rendition of some future utopia merit public policy debate?
Recently, an artist drew a pretty picture of what he imagined high-speed rail could look like in a utopian United States. Why is it utopia you ask? Because only in a utopian world without scarcity could the sparsely populated United States sustain high-speed rail. However, in our current world with scarce resources, high-speed rail can only exist in pretty pictures and in thick red ink on government expense sheets. It is simply not a profitable venture, which is why you see private resources staying far away from rail transit. Nevertheless, big government does not shy away from big losses like the private sector. I can see the slogan now, “No loss is too big to scare us away!”
9News came by the Independence Institute offices the other day to get my thoughts on the whole issue. You can watch the video here, or below in the player.