Reply #28: Amtrak actually does pretty well up in the Northeast corridor, given the ridership numbers. [View All]

[Selatius]

Socialism can work. The largest co-op in the world is the Mondragon Cooperative Corporation, numbering around 70,000 workers. They haven't applied for bankruptcy and are very successful, certainly better than GM in terms of not driving themselves into the ground.

Bailing out these banks was not socialism. That is what we call corporatism. 60 years ago, the survivors of the last world war called it fascism.

When I say nationalization, I mean you get compensated at fair market value for the shares you own. If you don't like it, well, we agree to disagree. The shares would be taken from you anyway. However, you would be compensated fairly for the shares as opposed to the government simply taking it and not giving you a bag of money for it.

The goal of such an idea is to remove an incompetent leadership by replacing them with workers.