Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by Frondo on Thursday March 02, 2017 @04:27PM (#13778388)

Public transit doesn't need to be profitable. It's a public good. It's one of the things we all pay a little for to have access to as part of living in a city or community.

They shouldn't lose too much money or be too expensive to run, but that's the conversation to have, not how much profit they generate.

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by malandrew on Thursday March 02, 2017 @07:09PM (#13779614)

It is exactly this attitude that leads to cost disease. If the government absolutely must handle some need, I still expect them to be efficient and constantly improve productivity:

https://slatestarcodex.com/2017/02/09/considerations-on-cost...

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by Nadya on Friday March 03, 2017 @10:29AM (#13783483)

You can be as efficient as possible and work towards improving productivity and still lose money. That's exactly why those sorts of things are supported by taxes.

And with how much Japan has innovated and improved their railways over the years I don't think this really applies to them. Maybe more of an American thing where we've spent $400,000,000,000 (and expected to spend $1,500,000,000,000) on a "one size fits all" fighter jet for our military that's been a complete failure in nearly every regard.

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