Then they should be nationalized, because they’ve already got the benefits, but none of the downsides, while the public get none of the benefits, and all of the downsides… At this point “too big to fail” are essentially critical government infrastructure setup by wealthy criminals to steal directly from tax payers.
I mean the US came shocking close after the Penn Central collapse, even operating Conrail for several years as a wholly-owned subsidiary of the Federal Government for several years
Then they should be nationalized, because they’ve already got the benefits, but none of the downsides, while the public get none of the benefits, and all of the downsides… At this point “too big to fail” are essentially critical government infrastructure setup by wealthy criminals to steal directly from tax payers.
Nationalizing industries? In America? We don’t do that here, friend. We give corporations massive bailouts and forgive all felonies.
I mean the US came shocking close after the Penn Central collapse, even operating Conrail for several years as a wholly-owned subsidiary of the Federal Government for several years
I would bring back Conrail immediately.
I think you could make the argument it is already nationalized if the government bails them out to protect it’s military industry sector.
That’s actually really sad to think about.