<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Big Smoke NYC]]></title><description><![CDATA[Musings on urban design and sociology]]></description><link>https://www.bigsmoke.nyc</link><image><url>https://substackcdn.com/image/fetch/$s_!PfEk!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc8b2a129-d3dd-4fab-a9d2-5e9709467e6f_129x129.jpeg</url><title>Big Smoke NYC</title><link>https://www.bigsmoke.nyc</link></image><generator>Substack</generator><lastBuildDate>Tue, 07 Apr 2026 20:29:57 GMT</lastBuildDate><atom:link href="https://www.bigsmoke.nyc/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Nalano635]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[bigsmokenyc@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[bigsmokenyc@substack.com]]></itunes:email><itunes:name><![CDATA[Nalano635]]></itunes:name></itunes:owner><itunes:author><![CDATA[Nalano635]]></itunes:author><googleplay:owner><![CDATA[bigsmokenyc@substack.com]]></googleplay:owner><googleplay:email><![CDATA[bigsmokenyc@substack.com]]></googleplay:email><googleplay:author><![CDATA[Nalano635]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Corporations Can't Write Anti-Corporate Media]]></title><description><![CDATA[But Margot Robbie makes a very good Barbie]]></description><link>https://www.bigsmoke.nyc/p/corporations-cant-write-anti-corporate</link><guid isPermaLink="false">https://www.bigsmoke.nyc/p/corporations-cant-write-anti-corporate</guid><dc:creator><![CDATA[Nalano635]]></dc:creator><pubDate>Sat, 02 Sep 2023 15:42:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!PfEk!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc8b2a129-d3dd-4fab-a9d2-5e9709467e6f_129x129.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>It&#8217;s the biggest grossing movie a female director has ever made - Greta Gerwig is the first to bank over a billion in ticket sales - and a feminist message about a doll that&#8217;s about as all-American as Mattel Corporation hopes we all believe it is.</p><p>It&#8217;s also a summer blockbuster where most of the humor is self-referential and the facile strawmen abound. We run from the pink plasticly perfect world of Barbie to the &#8220;real world,&#8221; as represented by Venice Beach and Century City, which is every bit as cartoony as the fake one: Corporate offices look like they came lifted entirely from the set of Brazil, purportedly human people talk like the supporting cast from Annie Hall, and there are no lasting repercussions for anything that actually happens.</p><p>Alright, so the real world isn&#8217;t quite real - we can chalk that up to satirical shorthand -- so who is the antagonist? Presumably it&#8217;s the patriarchy, as embodied in the Mattel CEO as played by Will Ferrell (backed by an all-male corporate leadership, of course) but the movie seems to focus primarily on Ryan Gosling&#8217;s Ken. It&#8217;s Ken, the plastic figurine with no genitals (and no idea what he would even do with a woman he pines for), that spends the most time being attacked for systemic patriarchy, a concept he only learned about an hour into the film and has no hand in. Meanwhile the CEO literally jokes in the end how all the antics of the two hours of film doesn&#8217;t in any way change the real power he has.</p><p>So this is feminism by Mattel Films.</p><p>Margot Robbie makes for a very believable Barbie, but since the movie is produced by the makers of Barbie, Margot can&#8217;t <em>do</em> anything with Barbie. Barbie can&#8217;t make mistakes, Barbie can&#8217;t say anything controversial and therefore Barbie can&#8217;t grow. Barbie is, oddly, caged in a movie that&#8217;s all about female empowerment, because Barbie is the principle IP of a billion dollar industry. Nobody cares about Ken, a fact lampshaded repeatedly in the movie, so he ironically has the freedom to learn.</p><p>Maybe the real message is that Barbie is an imperfect arbiter of feminist liberation - indeed, she&#8217;s read for filth in one scene by Ariana Greenblatt&#8217;s Sasha, a teenage girl who has given up playing with Barbies and decried them as fascist (leading to one of the best lines in the movie). Of course, Sasha caves on her whole philosophy about five minutes after she verbally machine-guns Barbie down and just rides along with the insanity that follows, so who knows?</p><p>Having had time to digest the admittedly very well-done cinematics and choreography of the film, I&#8217;m reminded most of all of Fight Club, an anti-corporate movie sponsored by Starbucks. Where Brad Pitt lectured Edward Norton on the evils of consumerism in locales that were literally straight out of Ikea catalogs, so too does America Ferrera&#8217;s Gloria give Barbie a quick run-down on sexist double-binds in a scene bookended with accessorizing. I&#8217;m not sure what it says about misogyny in the world today, but it will most certainly sell a lot of dolls.</p>]]></content:encoded></item><item><title><![CDATA[NYC MTA versus HK MTR]]></title><description><![CDATA[Battle of the business models in urban transport]]></description><link>https://www.bigsmoke.nyc/p/nyc-mta-versus-hk-mtr</link><guid isPermaLink="false">https://www.bigsmoke.nyc/p/nyc-mta-versus-hk-mtr</guid><dc:creator><![CDATA[Nalano635]]></dc:creator><pubDate>Sat, 15 Jul 2023 21:20:06 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!i85b!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>As a native New Yorker I admit I have an affinity for other formerly British colonial financial hubs that wish they were city-states and not attached to the major countries currently rolling back all their civil liberties (and also grow high-rises like a bumper crop), but as a New York chauvinist it chagrins me to admit that I really like aspects of Hong Kong&#8217;s urban design that I find superior to that of New York City. First and foremost among them the Hong Kong <s>subway</s> MTR.</p><p>So, the questions are,</p><ol><li><p>In what ways are the HK MTR better than the NY MTA/NYCT?</p></li><li><p>Why?</p></li></ol><p>Well, many answers of the first question become evident simply from user experience. The MTR&#8217;s stations are clean and air-conditioned, have many retail businesses on the concourse, and have wide station platforms, universal platform doors and universal platform elevators - NYCT has ADA capability in only 24% of its stations. Their system has wi-fi services - even in the tunnels! Their rolling stock is new and has universal open gangways, and they have an on-time performance of over 99% - NYCT reported <a href="https://data.ny.gov/Transportation/MTA-Subway-Terminal-On-Time-Performance-2015-2019/f6rf-2a3t">a mere 71% on-time performance during the last &#8216;normal&#8217; year of 2019</a>. The MTR&#8217;s service has short headways of around two minutes between trains during rush hours - a feat NYCT also matches but only due to interlining, where multiple services run the same routes or tracks.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!i85b!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!i85b!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!i85b!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!i85b!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!i85b!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!i85b!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg" width="800" height="600" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:600,&quot;width&quot;:800,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:121348,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!i85b!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!i85b!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!i85b!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!i85b!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f4faeb6-c6b2-425a-9ef4-e5e788b86642_800x600.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Hong Kong Central Station concourse, which doubles as a shopping mall, as do all other stations, pic by <a href="https://commons.wikimedia.org/wiki/User:Fenrchra_Kloeim">Fenrchra Kloeim</a></figcaption></figure></div><p>The MTR&#8217;s fares are relatively cheap compared to NYCT, as distance based fares start at ~50 cents USD and max out at ~$6.50 USD, though the top fares are usually reserved for trips that bring you to Disneyland or the HK airport off Lantau Island. By comparison, one trip on JFK&#8217;s AirTrain costs a whopping $8.25, on <em>top</em> of the normal fare and, unlike the MTR&#8217;s Airport Express, isn&#8217;t a one-seat express ride to central Hong Kong. NYC used to have an Airport super-express that took the A train&#8217;s tracks to JFK from a special platform in Times Square, but that still dropped you on the far end of long-term parking and required a further bus ride, and also was discontinued in 1990.</p><p>The MTR also has the best integrated pre-paid smartcard of any system, the Octopus Card, which can be used not only in the subway, trams and buses, but also taxis and most retail and food establishments, supplanting most everyday debit card uses.</p><p>Of course, there are still ways in which the MTA holds on by comparison. NYCT is still one of the only 24/7/365 subways in the world, and the whole system has one flat fare of $2.75 USD, with every ride after the twelfth in any given week being free thanks to OMNY. Overall this makes NYC more expensive than HK, but far cheaper than, say, London&#8217;s Underground. NYC still has the most stations in the world at 472 (or 424 if you merge transfer stations) to Hong Kong&#8217;s 98, and NYC has 400km of route miles to Hong Kong&#8217;s 271km, with many of those routes having three or four tracks for express service, a feature unique to NYC.</p><p>Basically, a Hong Konger would find New York&#8217;s subways extensive but smelly, confusing and dirty, while a New Yorker would find Hong Kong&#8217;s subways bright and clean, but wonders where they all went when he&#8217;s drunk in the middle of the night and wants to go home.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!x-ca!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!x-ca!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 424w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 848w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!x-ca!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg" width="1456" height="1092" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1092,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:223012,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!x-ca!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 424w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 848w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!x-ca!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74077586-5ed9-48c8-ba97-f89336cdaf61_2016x1512.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">D Train being taken out of service, 59th Street Columbus Circle</figcaption></figure></div><p>So, why is this? Most of that appears to boil down to budget.</p><p>Many of the things mentioned are simply because NYC&#8217;s system is older (narrower platforms that make platform doors or station elevators impossible, older rolling stock and the sheer number of stations/tracks to upgrade for improved service, etc) but many of those problems can be solved with money and, despite NYC being the richest city on earth, with a larger economic output than the entire country of Russia, the NY MTA is a starved beast for operations budget that also, incongruously, happens to have the most expensive capital budget in the world by an order of magnitude, precluding most projects from getting off the ground (RIP 2nd Ave Subway). Meanwhile the Hong Kong MTR turned a <em>profit</em> during the height of the Covid pandemic and is constantly growing.</p><p>In my opinion, Hong Kong simply has the better budget and business model.</p><p>As I see it, there are two basic models to fund metropolitan transit systems, which I will call the European model and the Asian model. The European model presupposes transit as a public service, and as such does not expect it to turn a profit. They budget their metros through taxes, and their farebox recovery ratios - that is, the percentage of the operating budget covered by collecting fares - is often very low. Paris&#8217;s Metro has a recovery ratio of 29%, Rome hovers around 36%. However, relieved of the requirement to make money, the systems can spread organically and without stop, meaning that institutional knowledge can better be retained and developed in-house. When it comes to capital construction, doing things in-house costs one whole hell of a lot less than retaining contractors, but in order to be cost-effective, in-house expertise needs to be used more or less constantly, which can&#8217;t be done if you aren&#8217;t building constantly.</p><p>The Asian model expects transit to make a profit, but ironically not from transit. The Tokyo Metro and the Hong Kong MTR are exemplars of this, in that they are real estate development firms first and foremost, and transit companies second: As public corporations, the transit companies secure exclusive rights of way from the government to develop train lines, but the lines are mostly just there to increase real estate value, which is then captured by the transit companies in the form of rent. The transit companies then take this rent and invest in more lines and more property development.</p><p>Meanwhile, the American model, if there is one, takes the worst effects of both these models: The American model presupposes profitability but doesn&#8217;t allow public corporations to invest in real estate. Furthermore, despite being corporations they can&#8217;t set their own fares, which means fares are set artificially low. New York used to have multiple private subway companies - the Interborough Rapid Transit system and the Brooklyn Rapid Transit system which became the Brooklyn Manhattan Transit system, and the Independent Subway - but the state got to set the fares, which were kept at 5 cents for 44 years, and have consistently lagged behind running costs. The consequences of this was the consolidation of all three systems under public ownership when their operating companies went bankrupt, the reduction of service and the elimination of many lines due to inability to maintain the system.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!W9p_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!W9p_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 424w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 848w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!W9p_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg" width="1280" height="944" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:944,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:300801,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!W9p_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 424w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 848w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!W9p_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9113ccc7-4e20-4738-8470-1345e95582d5_1280x944.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Remains from an eliminated section of the Myrtle Avenue line in Brooklyn, pic by <a href="https://www.flickr.com/people/70118259@N00">Jeffrey Bary</a></figcaption></figure></div><p>Coupled with federal defunding of transit and the city almost going broke in the 1970s meant that capital development basically stopped, service suffered and the system had to work a maintenance backlog for over 25 years. To this day, a significant portion of the MTA budget is simple debt management accrued from what us New Yorkers like to call the Bad Old Days&#8482;, and the woes of the system were exacerbated by Covid to the point that the subway runs a massive deficit and only continues to operate due to pandemic-related federal bailouts.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!gkw8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!gkw8!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 424w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 848w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 1272w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!gkw8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif" width="940" height="551" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:551,&quot;width&quot;:940,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:19801,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/avif&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!gkw8!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 424w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 848w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 1272w, https://substackcdn.com/image/fetch/$s_!gkw8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab4f488e-18a3-4f22-ba2d-a68ab06b78f3.avif 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://new.mta.info/budget/MTA-operating-budget-basics">MTA Operating Budget Basics</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!j8Ve!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!j8Ve!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 424w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 848w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 1272w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!j8Ve!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png" width="696" height="853" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:853,&quot;width&quot;:696,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:129612,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!j8Ve!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 424w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 848w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 1272w, https://substackcdn.com/image/fetch/$s_!j8Ve!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04e972b1-cda7-4771-83e3-abe911c97fff_696x853.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://new.mta.info/document/106026">MTA Adopted Budget 2023</a></figcaption></figure></div><p>By comparison, the MTR turned a profit during the heights of the Covid pandemic in 2020, even as their transit operations operated as a loss, because their money largely came from rents - of the properties around the stations, and of the shops within the stations. The MTR continues to be one of the most profitable transit companies worldwide and the sixth largest developer in Hong Kong.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!NM6R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!NM6R!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 424w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 848w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 1272w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!NM6R!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png" width="760" height="769" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:769,&quot;width&quot;:760,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:60535,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!NM6R!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 424w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 848w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 1272w, https://substackcdn.com/image/fetch/$s_!NM6R!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed8ec80e-a4b1-465d-912a-77bdb54320b2_760x769.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://www.mtr.com.hk/en/corporate/investor/financialinfo.html#01">MTR Financial Highlights</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!colS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!colS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 424w, https://substackcdn.com/image/fetch/$s_!colS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 848w, https://substackcdn.com/image/fetch/$s_!colS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 1272w, https://substackcdn.com/image/fetch/$s_!colS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!colS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png" width="667" height="303" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:303,&quot;width&quot;:667,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:54858,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!colS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 424w, https://substackcdn.com/image/fetch/$s_!colS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 848w, https://substackcdn.com/image/fetch/$s_!colS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 1272w, https://substackcdn.com/image/fetch/$s_!colS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc125c1c9-990b-40ef-b478-c580c5ac1d92_667x303.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://www.mtr.com.hk/en/corporate/investor/2022frpt.html">MTR Annual Report 2022</a></figcaption></figure></div><p>These all have political reasons and downstream knock-on effects. The latter turns everything into a force multiplier. NYCT is starved for cash so maintenance gets deferred or paid for with bonds, which hurts service levels and increases the percentage of the budget that doesn&#8217;t actually go towards service or improvements, as those debts have to be serviced. NYCT historically can&#8217;t develop on any schedule, so they can&#8217;t keep in-house engineers and planners who are capable of such work, and they can&#8217;t rely on local businesses to provide rolling stock because the orders are so infrequent, so there are simply no local businesses that provide parts or products. This means NYCT is overly reliant on outside contractors, which bloats budgets every time a capital improvement project is proposed. To build a mile of subway in NYC is eight times more expensive than the next most expensive city, not just because we have all these tall buildings in the way and hard granite to blast through, but also because we <em>forgot how to build subways</em>.</p><p>Meanwhile the MTR, as <a href="https://www.mtr.com.hk/en/corporate/properties/prop_dev_index.html">de facto developer of a significant swath of urban Hong Kong</a>, can functionally print its own ridership, since it can simply develop homes and businesses on top of new stations at the density that would support high transit ridership. It helps that Hong Kong has some of the most hostile geography for urban sprawl and the lowest car ownership rate of any first-rate city, but the freedom of the corporation to naturally develop transit-oriented development helps accentuate such in a virtuous cycle, and because it turns a profit the system remains appealing to commuters and budget-neutral for taxes.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!tDNn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tDNn!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!tDNn!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg" width="723" height="623.4903225806452" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:false,&quot;imageSize&quot;:&quot;normal&quot;,&quot;height&quot;:401,&quot;width&quot;:465,&quot;resizeWidth&quot;:723,&quot;bytes&quot;:89239,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!tDNn!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tDNn!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c381bd9-2f1f-4c08-a7c0-4bb1e485d232_465x401.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Century Gateway, Tuen Mun: 8 apartment towers on top of a shopping mall, all developed directly by the MTR next to one of their subway stations</figcaption></figure></div><p>As for the politics, well, that&#8217;s a whole other can of worms and this blog is going on long enough. Suffice it to say, however, that different models produce drastically different results.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bigsmoke.nyc/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Big Smoke NYC! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Coming soon]]></title><description><![CDATA[Back in the days of self-published blogs I kept one that was semi-regularly updated for about ten years or so called bigsmoke.nyc - a URL purchased almost immediately after New York started offering .nyc domains.]]></description><link>https://www.bigsmoke.nyc/p/coming-soon</link><guid isPermaLink="false">https://www.bigsmoke.nyc/p/coming-soon</guid><dc:creator><![CDATA[Nalano635]]></dc:creator><pubDate>Sat, 15 Jul 2023 16:35:19 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!PfEk!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc8b2a129-d3dd-4fab-a9d2-5e9709467e6f_129x129.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Back in the days of self-published blogs I kept one that was semi-regularly updated for about ten years or so called bigsmoke.nyc - a URL purchased almost immediately after New York started offering .nyc domains. Long enough that my opinions have evolved over time and I realized I wasn&#8217;t contributing further due to having to re-read my old shit. So now it&#8217;s all new shit.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bigsmoke.nyc/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bigsmoke.nyc/subscribe?"><span>Subscribe now</span></a></p>]]></content:encoded></item></channel></rss>