Reihan praises cheap bus travel as "the grubby, messy, inspiring story of capitalism in a nutshell." He focuses on the $25 buses from NYC to Boston started by a company called Fung Wah:
In the space of a decade, ethnic entrepreneurs had carved out a profitable new niche, and then deep-pocketed corporate types came in and perfected the model. … What is even more impressive is that these nimble bus companies are starting to pose some competition to heavily subsidized Amtrak and the airlines, thanks to the combination of ultra-cheap fares, low-cost creature comforts and decent customer service.
… If you listen to President Obama, you’d get the distinct impression that it is the government that is going to get the American economy moving again, by making huge public investments in projects like the Tampa-to-Orlando train and other marvels of the modern age. In truth, it is nameless entrepreneurs like the Chinatown founders of Fung Wah who will get us where we need to go. The most important thing government can do is to live within its means.
(Photo by Flickr user Christopher W. Moriarty)