March 5, 2025 - 20:07
During a recent conference hosted by Morgan Stanley, Elon Musk expressed strong opinions regarding the current state of passenger rail services in the United States, labeling it as "embarrassing." He emphasized the need for significant reforms in the transportation sector, specifically advocating for the privatization of both the United States Postal Service and Amtrak.
Musk argued that privatization could lead to improved efficiency and service quality, suggesting that government-operated services often fall short in meeting the needs of consumers. He highlighted the potential benefits of allowing private companies to take over these services, which could foster competition and innovation.
The billionaire entrepreneur pointed out that many countries successfully operate efficient rail systems through private ownership, and he believes the U.S. could benefit from a similar approach. Musk's remarks have sparked discussions about the future of public transportation in the country and whether a shift towards privatization could address longstanding issues within these services.
