Why Can't We Learn From China's High Speed Rail Jinx?

Craig Pirrong submits:

Et tu, WaPo? Even the Washington Post recognizes that high speed rail is a loser. The paper recounts the Chinese problems I wrote about Saturday, and then shovels more dirt on the coffin:

Of course, if the Chinese do finish their system, it is likely to require operating subsidies for many years possibly forever. A recent World Bank report on high-speed rail systems around the world noted that ridership forecasts rarely materialize and warned that governments contemplating the benefit

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