Step 1: Privatize and sell it for peanuts to fellow billionaires
Step 2: Watch it crumble
Step 3: Buy it back for a fortune to the very same people you sold it
There’s no way national rail can be a profitable service, and certainly not without huge investments in infrastructure. It’s only the northeast corridor that’s profitable, but quite a few other places can be but only after huge infrastructure investments. Those investments are coming from a wholly private company.
Technically Amtrak already is a private company, but owned by the Department of Transportation. Those owners need to pony up for rail infrastructure the same way they’ve always ponies up for highways infrastructure.
Step 1: Privatize and sell it for peanuts to fellow billionaires Step 2: Watch it crumble Step 3: Buy it back for a fortune to the very same people you sold it
I’m not sure they’ve thought past step 1 honestly.
They probably really think they can run it better.
I don’t think a national railroad company can really become profitable, that’s why I suspect this is done in bad faith
There’s no way national rail can be a profitable service, and certainly not without huge investments in infrastructure. It’s only the northeast corridor that’s profitable, but quite a few other places can be but only after huge infrastructure investments. Those investments are coming from a wholly private company.
Technically Amtrak already is a private company, but owned by the Department of Transportation. Those owners need to pony up for rail infrastructure the same way they’ve always ponies up for highways infrastructure.