because railways operate in a monopolistic industry

so they can set the prices to whatever they want and then pocket the excess profits

it is too capital-intensive for a startup parallel rail company to build out the infrastructure needed

but that would be you being wrong

damn you there now? tryna do the same stuff in london

But you see the problem with privatizing a monopoly...

i think my ideal s*** would be a democratic socialist economy, with direct voting and UBI, i do think unions should be allowed to prosper again, instead of being cucked like now.

worker co-ops/worker ownership would be great too.

Because capitalism has to be that way eventually

yeah it's called fascism

go study china

man i'm done here. like read a damn book lol

They are one and the same. Synonyms. We're stuck on semantics now lets move past it.

Woat career and industry. Soulless type beat

of course, capitalism goes into "corporatism" as mussolini called it

another term for fascism, where the state and corporations collaborate together authoritatively on ruling over the people

Yea and monopolies are few and far between when you have less barriers to entry. These barriers are often caused by regulations and govt mandates.

Of course it depends on industry, but the vast majority of industries simply cannot sustain a monopoly naturally because competitors will always arise.

you mad as hell lmao relax man we just chattin

bro you can't say it's semantics when the econ books written clearly differentiate economic models

but yeah it's a stupid term

just another example of post-marxist hell we can't escape where everything needs a nuanced definition

honestly most capitalist countries arent like this bro

Corporate socialism is very well a real thing, like the companies mislead others saying they're for capitalism meanwhile receiving bailouts from the government

Leaving everyone else in the dust

Nah not on Wall st yet . Going crazy on the applications though, lotta big firms hiring even with rona

i know, we're not at that point

it's what happens when capitalism is allowed to go on uncontrolled for a very long time, especially to benefit to corporations, the logical conclusion

People owning stock is the majority and a good portion of the population’s retirement savings are tied to the stock market (which shouldn’t be the case)

And the stock market crashing doesnt cause people to lose their jobs it’s boards making that decision (which shouldnt be the case either) cause they’re pessimistic about the future and raising money will be harder through credit and other means

best of luck bro

I think i'll either go into finance or convert to legal, not quite sure yet.

no i'm just s***posting like you i'm relaxed too. doing 3 things at once

you're forgetting that some industries have a natural "barrier to entry", that's where the term comes from.

look at telecommunications for example- there's an incredibly high fixed cost in order to build the requisite infrastructure, but the marginal cost of connecting each person to the network is pretty cheap.

no amount of deregulation and privatization will alter that dynamic, all that ends up happening is the formation of monopolies with terrible service and routine price gouging (in this case AT&T and Verizon)

You a wall st fella working from ZOOM