The very approach to calculating “profit” is backwards.
We’re not measuring the economic value ad of the lane of transit. We’re measuring the margin between cost of the lane and the immediate rent produced.
Concepts like “hours lost in transit” or “physical harm from accidents” goes entirely out the window. Negative externalities are never measured by capitalist economics.
Highly-used roads are even less profitable since they need expensive repairs much more often.
To your point, though, the idea that every service has to make a profit is most of what’s wrong with me modern society.
The very approach to calculating “profit” is backwards.
We’re not measuring the economic value ad of the lane of transit. We’re measuring the margin between cost of the lane and the immediate rent produced.
Concepts like “hours lost in transit” or “physical harm from accidents” goes entirely out the window. Negative externalities are never measured by capitalist economics.