09-22-2010, 09:52 AM
biL,
I believe you are correct. I guess I should have mentioned that "other" USRA to clarify my statement. The government run USRA and nationalization of the railroads, the topic of the original post, ended in 1920. The other USRA was as you said, a cooperation among the railroads without Unlce Sam's intervention. One could venture a guess that the lack of government involvement is WHY the second time around was much smoother. The private sector will ALWAYS outperform the same venture run by the government.
I believe you are correct. I guess I should have mentioned that "other" USRA to clarify my statement. The government run USRA and nationalization of the railroads, the topic of the original post, ended in 1920. The other USRA was as you said, a cooperation among the railroads without Unlce Sam's intervention. One could venture a guess that the lack of government involvement is WHY the second time around was much smoother. The private sector will ALWAYS outperform the same venture run by the government.
-Dave