Amtrak: Runaway Train?

If Amtrak were evaluated on the same basis as Enron, it would have been out of business years ago.

1 minute read

February 12, 2002, 9:00 AM PST

By Chris Steins @planetizen


"Reason Magazine national Correspondent Michael Lynch explains how Amtrak's oversight makes one long for unaccountable corporations. When a private company covers up fiscal mismanagement, like Enron, it comes tumbling down. Not so with Amtrak, which just keeps on consuming billions of taxpayer dollars... This may be the only way to run a national railroad in a country that needs one about as much as a Hawaiian needs a wool overcoat. But it suggests a reason to celebrate an economic system that allows an allegedly great company to come crashing down in a matter of months."

Thanks to Tom Collins

Thursday, February 7, 2002 in Reason Online

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