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by cratermoon 1256 days ago
deregulation, late capitalism, short-term thinking.
2 comments

Amtrak is owned by the federal government. The President appoints the board of directors. It’s literally socialist (public ownership of the capital stock).
The video is mostly about private freight rail.
Technically you vote for a capitalist oligarch to represent you, the peasant types like AOC are rare in elections. The only "socialism" here is socialism for the rich.
or rather, over-regulation, union focus on maximizing employment numbers instead of total compensation and quality of life, and similar short-term thinking (edited to reflect that I believe private sector unions are generally good, but focusing on membership count is not)
Did we watch the same video?