That's exactly the right recipe. But when we try and do that here, we get corruption, incompetence, bureaucracy, with a gigantic dash of spend now / pay later. That's the only reason to privatize.
The best system would be publicly owned and operated. But its pretty clear that its as likely here as flying unicorns.
btw, love all your posts on this, GP. People have no idea how it all works. That said, if government would let its monopoly go on bus service, for example, I think we'd be surprised how it is totally possible to make money privately. Don't necessarily think bus. It might be more jitneys, or smaller busses. A private company [[with no requirements at all) might run the operation very differently.
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