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?

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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

7 Answers

Anonymous 0 Comments

Laws and regulation.

When the transcontinental railway was built, those states and territories had literally no laws at all.

No one batted an eye when they blew up a mountain.

It was all built on cheap Chinese labor (borderline slave labor)

There was no fight over land ownership, no red tape at all.

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