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.
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.
For worse, it’s definitely for worse for the environment.