https://pjmedia.com/eddriscoll/2011/09/29/venture-socialism-the-logical-endpoint-of-obamanomics/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 10:45:07 -0400<![CDATA[And thus, corporatism comes full circle. Under the old definition of corporatism, the government simply got in bed with a seemingly private corporation once it became sufficiently large and/or unions made it sufficiently hidebound and sclerotic, as GE, GM, Chrysler, public utilities, defense contractors, etc. Or it took over a corporation that failed, such as 1971&#8217;s Amtrak, formed by Congress to run the nation&#8217;s passenger trains, which had been rendered outdated by jet air travel, and Conrail in 1976 to absorb Penn Central and other bankrupt northeast railroads (which eventually went private under the Reagan administration).]]>Thu, 29 Sep 2011 13:43:32 -0400<![CDATA[Ed Driscoll]]>https://pjmedia.com/ed-driscoll/2011/09/29/venture-socialism-the-logical-endpoint-of-obamanomics-n254684