Summary

Elon Musk called for privatizing Amtrak and the U.S. Postal Service, saying America should privatize “everything we possibly can.”

Speaking at a Morgan Stanley conference, he criticized U.S. passenger rail as “embarrassing” compared to other countries.

While Musk didn’t outline steps for privatization, he acknowledged it would require congressional approval.

His remarks align with Donald Trump, who recently suggested reviewing USPS privatization.

  • chilicheeselies@lemmy.world
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    9 hours ago

    My understanding is that Amtrak is what happened when the private railroad operators were failing, and the govt needed to step in to stop the passenger railroad network from collapsing completely.

    Its by and large not profitable. Air travel, for better or worse, eats its lunch.

  • AnUnusualRelic@lemmy.world
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    10 hours ago

    While Musk didn’t outline steps for privatization

    Simple, just pull the rails and sell them one by one at an auction, what could go wrong?

  • starchylemming@lemmy.world
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    15 hours ago

    ever since germany privatised rail (and post) while remaining mayority shareholder it has become ultra shit.

    quality and reliability has gone down extremely over the years. efforts to mitigate the damage done thanks to neglect probably cost much more than proper maintenence would have cost them. those efforts are paid for by the state ofc.

    deutsche bahn is so unreliable, neighbouring states have to cope with them disrupting their own schedules. if anything its reliably unreliable

    but you already have a shitty underfunded rail system, so not much change there. the post office on the other hand will be heavily noticeable

  • pivot_root@lemmy.world
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    17 hours ago

    Speaking at a Morgan Stanley conference, Elon Musk criticized U.S. passenger rail as “embarrassing” compared to other countries.

    Elon Musk? The same Elon Musk who helped cancel a high-speed rail transit project by touting his quickly-abandoned, far-fetched sci-fi transit system?