Elon Musk Advocates Privatizing USPS and Amtrak During Tech Conference
Speaking at a Morgan Stanley event, Musk criticized U.S. public services as inefficient and suggested privatization as a solution, echoing similar ideas from the Trump administration.
- Elon Musk called for the privatization of Amtrak and the United States Postal Service during a virtual appearance at the Morgan Stanley Technology, Media, and Telecom Conference.
- Musk described the U.S. federal government as being in worse shape than any commercial company and likened his advisory role to a large-scale corporate restructuring.
- He praised foreign rail systems, particularly China's, while calling the state of U.S. passenger rail 'embarrassing' and warning tourists against using it.
- The Trump administration has also floated the idea of privatizing the USPS, with recent discussions about placing it under the Commerce Department's control, raising legal concerns.
- Although Musk holds an informal advisory role to the Department of Government Efficiency (DOGE), President Trump has publicly referred to him as its leader, despite legal scrutiny over Musk's influence.