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by pooooka 16 days ago
Reduced funding has nothing to do with degraded service. MTA is one of the worlds most expensive public transit systems and 15-20% of it's 21 billion dollar budget is being consumed by debt. The term enshittification, in my view, is just a progressive catch phrase for systemantics.

Any system grows to fill its known universe and as it grows it operates in unpredictable ways. And the unseen changes dictate what the system really does (not it's job title). MTA is not here to be your public transportation. It's job is to generate massive debt for investment bankers on wall street who get paid through nefarious interest swap agreements. And how many other city metro's are operating under the same investment banking schemes? From what I could tell LA, Denver, Phili, Detroit and (up until recently) Chicago.