In 1972, some employees made a leveraged buyout of the Chicago and North Western Railway and re-branded it as “Employee-Owned.” The reality was much more complicated and reveals a lot about railroading and American capitalism generally in the 1970s and 1980s. (Bill and Rachel)
Links and notes for ep. 461 (PDF): http://arsenalfordemocracy.com/wp-content/uploads/2023/02/AFD-Ep-461-Links-and-Notes-The-Employee-Owned-Chicago-and-North-Western-Railway_-Hype-vs-Reality.pdf
Theme music by Stunt Bird.
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