| >Even in a place like China the benefits are dubious. It is still often more cost effective to fly from Beijing to Shanghai than take the bullet train. The price of flying has been driven down in China thanks to the bullet train. Bullet trains are a very long term investment so they look terrible up-front - they are much more energy efficient per journey, however, so amortizing the cost of billions of passengers they're often a MUCH, MUCH better deal even though the upfront cost is very high. There are a couple of possible Boondoggles in China (I'm a bit dubious of the Wuhan-Guangzhou route), but Beijing-Shanghai along with many other routes makes perfect sense, much like LA - SF or the Northeastern Corridor. Additional benefits include creating infrastructure that will let you wean yourself off oil and thus aid a reduction in global warming, not to mention reducing the country's exposure to the vicissitudes of the global oil markets and instability in the middle east. The US would probably have a lot more of it by now if the upper echelons of power weren't infested with austerity/inflation hawks and oil company executives shaping policy for their own personal benefit. |