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Exactly this. Rich people privatize gains and socialize losses. Look at the financial crisis for an exact example. They aren't even playing with their own mo
by pfarnsworth 9y ago
Exactly this. Rich people privatize gains and socialize losses. Look at the financial crisis for an exact example. They aren't even playing with their own money! They are playing with investors' money, pension funds and mutual funds, and taking a huge management fee!