this post was submitted on 05 Mar 2025
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[–] cabillaud@lemmy.world 13 points 3 days ago* (last edited 3 days ago) (1 children)

Step 1: Privatize and sell it for peanuts to fellow billionaires Step 2: Watch it crumble Step 3: Buy it back for a fortune from the very same people you sold it

E:English

[–] nomy@lemmy.zip 1 points 2 days ago (1 children)

I'm not sure they've thought past step 1 honestly.

They probably really think they can run it better.

[–] cabillaud@lemmy.world 1 points 2 days ago (1 children)

I don't think a national railroad company can really become profitable, that's why I suspect this is done in bad faith

[–] AA5B@lemmy.world 2 points 2 days ago

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.