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by Accujack
1020 days ago
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The railroad companies that merged to create what's left of the rail industry in the US are the ultimate evolution of "too big to fail" corporations. They've been kept alive/subsidized for almost 200 years now, and they've had time to tilt the playing field to their advantage just like e.g. Amazon, except they've had a lot longer to pull shady stuff. If you look into what privileges the railroads have, it's insane. In some places they have eminent domain ability, and immunity from eminent domain. Since most of the railroad regulations are Federal, they override state law as in this case in Ohio: https://www.courtnewsohio.gov/cases/2022/SCO/0817/200608.asp Basically... they're entrenched, and they've had 200 years to dig in. |
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(And yes, I get the physics involved. Similar physics applies to cars versus people, yet outside of some very narrow and high utilization contexts like controlled access highways, cars' speeds are limited by having an implicit responsibility to stop to avoid collisions)