United Kingdom
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I'm basically cut off from the centre of Bristol now. It's not like the services were underutilised, every bus would be packed before they cancelled them. The problem is running a bus service for-profit doesn't work.
I'm sure it could work, if car infrastructure, fuel etc, was charged at cost to motorist rather than the massive subsidies it currently gets. Then even for-profit buses would look incredibly cheap!
But yes, motorists are massively subsidised. Buses should be subsidised even more, given they're a net good to the world and cars a net bad