Union Pacific’s profits over the last 20 years would have paid for a high speed rail line from Chicago to Los Angeles
The existence of that entity as a private owner of critical American infrastructure, which uses it to extract rents from the American economy, has cost us at least one trans-continental high speed rail line worth of value.
I’m not even mad at Elon. He came up with a clownishly absurd idea and the media bought it. He literally described it as “an air hockey table in a vacuum tube” while laughing, and the media just went ahead and ate his ass anyway.