Into the Night
Verified User
China would have been better off building a network of airports and airlines. Right now, China's HSR system is losing about $5 billion a year and has about $900 billion in debt accrued. They've screwed several of their neighbors into buying into the system like Laos that is now about $1.5 billion in debt for a single line to their capitol. That's something like 20% of the nation's GDP.
China's government is using some shady accounting (anyone surprised?) to make those figures look better, but the bottom line is HSR is unaffordable. In the US it is even less unaffordable where we have much higher construction costs per mile.
The purpose of a sane and sensible business is to make money. Government building and running transportation systems that can't even come close to being profitable is stupid.
Remember the success metric in government is not profit. It's to justify itself. If it has to manufacture a 'crisis' for it to appear to 'solve' (without actually solving it!), that what it will do.