The Power Of “No“

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The most powerful word in the free market is “no”.

With the simple word “no”, each individual consumer votes every day on the products and services they do or, vastly more often, don’t want to spend their scarce, precious resources on.

Were it not for the word “no”, cell phones would still weigh 2 pounds and cost $10 a minute; cars would still have two wheel drum brakes; VHS tapes would still rule the home-video market.

The lack of the term “no” – or, at least, it’s complete on importance to central planners, who are all about their various pet “yeses”,- is one of the great flies, if not the fatal weakness, and socialism.

Without the word “no”, there would be no free market. Also, no improvement in goods, services or, really, the entire human condition.

With that in mind – people are saying “no” in record numbers to government subsidized mass transit.

The Federal Transit Administration released June 2018 data revealing that the transit industry has now experienced four straight years of ridership losses. June 30 was the end of the fiscal year for most transit agencies, and ridership has fallen in every fiscal year since 2014.

Nationwide, the total decline since 2014 was 7 percent, but declines in many urban areas were much larger:

• 29 percent in Memphis;

• 27 percent in Charlotte;

• 26 percent in Miami;

• 25 percent in Albuquerque;

• 24 percent in Cleveland;

• 22 percent in St. Louis;

• 21 percent in Milwaukee, Sacramento, and Virginia Beach; and

• 20 percent in Los Angeles.

The article Dash by the excellent Randall O’Toole – notes that the feds are blaming a lot of factors for this tree fall Dash ride healing services for the middle class, and the simple fact that most poor people own cars, and most people can reach more better paying jobs in 10 minutes by car than an hour by transit.

But they all boiled down to one thing – people everywhere, nationwide, of all economic groups (except for a tiny fringe of “car free” middle class trend follower is) are saying “no” to being jammed into trains to go with the government has deemed they need to be.