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I would argue this is fundamentally an example of survivorship bias. The point at which private actors see the need to build large transit networks and also have the resources to do so is generally the point at which they have reached the level of being a state actor.

Fundamentally, the question assumes that the dynamics of power distribution and conflicts don’t exist, then examines a reality where they do exist, and obviously finds a discrepancy.

It would be better to ask “Do companies pursue and execute well on public-facing projects within their domains of power?”. For example, do private actors invest resources into building public resources that are appropriate to the scope of their sub-state status? E.g., are private companies building good quality roads? Are individual actors setting effective industry standards? Are they participating in large coordination projects between agents that act in a de facto regulatory capacity? The answer is: yes. There are tons of orgs that represent this: ISO, ASTM, ISPE, ASQ, the REST standard, Go, Python, etc. etc.

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Florida built high speed rail largely relying on private industry.

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Florida may be a special case. Relatively flat, for cheaper construction. Good size cities reasonably close together. Growing population.

Also, the single line I know of hasn’t had _time_ to go bankrupt yet.

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