Business & Finance: Socialist Success

The Port of New York Authority has almost no authority and little to do with New York as a seaport, but it is unquestionably the most impressive example of successful Socialism in the U. S. Essentially a political body whose commissioners are appointed by the Governors of New York and New Jersey, it has through its building and operation of tunnels (Holland), bridges (George Washington, Bayonne, Goethals, Outerbridge) and terminals (Manhattan's Inland), thoroughly scotched the notion that public business cannot be run with the profitable efficiency of private business. Among the many bodies...

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