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OMG | Richard Wolff 'China's state-funded rail serves people; profit-focused models neglect public needs'

OMG
2025.10.14 17:46
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China's rail network features rapid, beautifully appointed trains that redefine modern rail travel, surpassing most global systems.

While the U.S. has the technical capability and historical precedent for railroads, it lacks comparable infrastructure due to perceived unprofitability.

Speaker introduction

Richard D. Wolff is an American Marxian economist, academic, and author. He is a Professor Emeritus of Economics at the University of Massachusetts, Amherst, and a visiting professor at The New School in New York.

Wolff is widely recognized for his critiques of capitalism and his advocacy for alternative economic systems, particularly workplace democracy and worker cooperatives.

He co-founded Democracy at Work, a non-profit organization that produces media and live events promoting these ideas, and hosts the nationally syndicated program "Economic Update."

He has authored or co-authored numerous books and articles, with his recent work focusing on analyzing the causes and alternative solutions to global economic crises. The New York Times Magazine has called him "America's most prominent Marxist economist."

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Tag:· rail network · modern rail travel·Richard Wolff·profit-focused

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