Pressure on to reapply chokehold to the railroads

There exists no better example of how badly government can wreck an entire industry than what it almost did to the railroads. We should keep this in mind as the government assumes a bigger role in our health care (or much of anything else, for that matter).

Congress, having determined that arcane, antiquated, and rigid economic regulation was a malefactor intended the Staggers Act to establish market forces as the primary arbiter of freight rates, track abandonments, and marketing initiatives. The law also was recognition that the significant market power held by railroads in the late 19th and early 20th centuries had been eroded by alternative forms of federally subsidized transportation facing less burdensome regulation.

via Keep railroads FREE to keep the economy moving | Railway Age.