To any novice in the back office of an investment bank, road congestion means demand is exceeding supply. It is a sign of success. It means it is time for more investment to adapt supply to demand. To a...MORE
"To any novice in the back office of an investment bank, road congestion means demand is exceeding supply. It is a sign of success. It means it is time for more investment to adapt supply to demand. To a benighted politician or European Commission official, road congestion means, on the contrary, cutting investment. It means investing where demand is least, that is, in rail – investing in the hope that one day demand will reach the level of supply. To politicians, this makes political sense. Rather than let the free
market solve congestion problems by adapting supply to demand they have set about changing the market." Wim Westerhuis, president International Road Federation based in Geneva Switzerland speech in Finland.
