this post was submitted on 09 Jul 2024
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The feds still technically own large portions of the rail system, why would they throw themselves under the bus.
That’s absolutely false. The feds only own small, short rail for passenger services. Other than that they own the northeast corridor from Washington DC to Boston. All other rail is directly owned by the rail companies. The feds really should nationalize the rail and have these cartels pay to use the rail. That way the fed can actually make sure the rail is in good condition and stop these big chemical spills.
Yeah privatization of rail was an absolute disaster
Yeah, turns out letting companies run critical infrastructure incentivizes them to pay as little as possible to keep it running.
"What if we raised the prices of necessities?" - genius MBA thinking of our time.