Public Takeover and Long-Term Decline

Zohran Mamdani held his mayoral swearing in ceremony at the now-abandoned City Hall Station that was a feature of the first New York Subway built in 1904. Unfortunately, city officials deliberately drove the subway company into insolvency and then took over. Original article: https://mises.org/mises-wire/socialist-mamdani-inadvertently-pays-tribute-capitalism