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.
It’s worth noting that they’re never talking about actual privatization, which is when a thing that was formerly a government service is turned over to private enterprise, but a grotesquely inefficient hybrid system in which the service is still funded by the government, and the only thing that changes is that rather than the budget being turned over to a government agency, it’s turned over to whichever private contractor offers the best bribe and kickback package.
Prime example… Amtrak.
Ah, the old SpaceX switcharoo