The Case for Nationalizing the Railroads
Meanwhile, the United Electrical, Radio and Machine Workers of America (UE) recently also issued a strident call for public ownership of railroads to protect the economy, workers, frontline communities and the environment.
“We demand that Congress immediately begin a process of bringing our nation’s railroads under public ownership,” reads the statement from the UE general executive board. The union, which represents electrical workers and other sectors, argues that the major railroad companies — like electric utilities — are “natural monopolies,” and have an “endless thirst for profit.”
The union argues that nationalization is necessary both to protect workers and to fight climate change and railroad-related pollution that disproportionately impacts communities of color and low-income communities.