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Do you think New York could generate so much wealth if it didn't have the subway?

Of course. The New York subway is a legacy of the city's age. The much newer American cities of the south and west either don't have a subway system at all, or have only a very limited system.

It's not just the ability to move people through dense cities versus being stuck in traffic and wasting productive hours, but the money it's citizen save by not owning a car, which goes straight into the economy.

If people thought that subways were a better way of getting around urban areas than cars, we would have built our cities and urban transportation systems accordingly. Cars have become overwhelmingly dominant, not just in the U.S. but in virtually every other wealthy country, because they offer a much more favorable mix of costs and benefits than subways (or mass transit in general).

by Bertie on Jul 11, 2012 10:55 pm • link • report

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