I just added three new books to my reading list: Last Exit: Privatization and Deregulation of the U.S. Transportation System by Clifford Winston, No War for Oil: U.S. Dependency and the Middle East by Ivan Eland, and With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful by the great Glenn Greenwald!
I’m starting with Last Exit first and it opens with some great historical information on transportation and infrastructure in the U.S.
By 1860 at least 7,000 corporations had formed to operate bridges, canals, ferries, railroads and roads. Total private capital investment in those transportation facilities and services amounted to over 3 billion dollars. (Which is equivalent to approximately $10 Trillion in today’s dollars!)
By developing an initial overview of the economic case for privatizing and deregulating the transportation system, I hope to show that fundamental policy reform is essential to ridding the system of its vast and intractable efficiencies that have accumulated under decades of public sector management and control. [Emphasis mine]
I’m looking forward to reading the rest and will probably update the blog with the more interesting findings as I make my way through.