Comment by toomuchtodo

This is an opinion. Many people have opinions. Test it in the current sociopolitical forward curve. Obama nationalized GM, to great success, and he was a centrist (very mid in my opinion, but a statesmen with tacit, so respect where due). 100+ Democratic Socialists were elected in midterm elections. Therefore, I think forward looking, the appetite for this goes up overtime. Shareholder rights and cap tables are simply shared delusions. The shared delusion can change, when needed.

Mamdani has a ~70% approval rating, and a long list of wins, New York City is doing phenomenal. There is strong evidence this was a contributing factor in more democratic socialist being elected across the country (“Mamdani Effect”), including the mayor of LA. If you think it isn’t, well, you’re ignoring reality. That’s a choice. Do so at your own peril.

In this specific context around auto manufacturing, it is clear there is no competition, and US tariff policy is keeping competition out to benefit legacy auto management and their shareholders. We could flip the switch on tariff policy, and they would immediately have competition, but they can’t handle it. The evidence is clear they are already doing poorly for the US consumer, and they have no intentions to change.

https://newrepublic.com/post/217572/dsa-candidates-won-elect...

Old people, fond of capitalism, keep dying every day, and young people who believe in socialism keep entering the electorate. Only time will tell, but rough trajectory is clear. The time to prepare for the next election cycle has already begun.