Some New York City subway passengers were stuck overnight in 15 degree weather, with no heat. The dilapidated NYC subway system is an object lesson of what happens under government control of an industry.
Few are aware, but the subways in New York City were once privately owned. There is no way the subway system in NYC would be in the disrepair it is now, if it remained in the hands of the private sector.
It's time to return the subways to the private sector. I am not talking about "privatizing" in the sense that the city oversees and hires private contractors. I am talking about the city getting out of the subway business and auctioning off the lines, so that they are bought and brought into the 21st century.
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