In a November 2014 editorial titled “
How Two Billionaires Are Destroying High Speed Rail in America,” author
Julie Doubleday observed that the US push against public mass transit has been led by a think tank called the Reason Foundation, which is funded by the Koch brothers. Their $44 billion fortune comes largely from Koch Industries, an oil and gas conglomerate with a vested interest in mass transit’s competitors, those single-rider vehicles using the roads that are heavily subsidized by the federal government.
Clearly, not all Republicans are opposed to funding infrastructure, since
Donald Trump’s $1 trillion infrastructure plan was a centerpiece of his presidential campaign, and his Republican base voted him into office. But “establishment Republicans” have traditionally opposed infrastructure spending.
Why? According to a May 15, 2015 article in
Daily Kos titled “Why Do Republicans Really Oppose Infrastructure Spending?”:
Republicans – at the behest of their mega-bank/private equity patrons –
really, deeply want to privatize the nation’s infrastructure and turn such public resources into privately owned, profit centers. More than anything else, this privatization fetish explains Republicans’ efforts to gut and discredit public infrastructure . . . .
If the goal is to privatize and monetize public assets, the last thing Republicans are going to do is fund and maintain public confidence in such assets. Rather, when private equity wants to acquire something, the typical playbook is to first make sure that such assets are what is known as “distressed assets” (
i.e., cheaper to buy).