I was naive enough to believe that Berkshire Hathaway's purchase of BNSF in 2009 would lead to the railroad returning to the passenger rail business. As it turns out, this Nation expose makes a lot of sense as to why I was way off.
As it turns out, the wealthy are more interested in concentrating monopoly power than they are encouraging any kind of of true competition (for example, the newspaper industry has taken a hard blow as a result).
So, it's well past time to stop taking advice from people who want to use the capitalist system to revert America to an era where monopolies dominated the marketplace.
Saturday, April 14, 2018
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