Private companies were able to build an entire network of railways in the US. But now, with all the new technology the modern world is able to offer, both companies and government struggle to build even a single railway. how is this even possible?
In: Economics
It’s at least as possible as it was back then. Technologically we have only progressed. It is not as big a priority as it has been. It’s about priorities (budgets). If you try to maintain an army that is as big as the next 8 armies combined with 300+ international bases you might run out of money before infrastructure budgets are drafted. Private companies do not maintain public infrastructure (without public money).
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