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> Why is it acceptable to privatize profit, but socialize risk again? We privatize profit because there would be no company if profits weren’t given. We socia
by alexis_fr 8y ago
> Why is it acceptable to privatize profit, but socialize risk again?
We privatize profit because there would be no company if profits weren’t given.
We socialize risk because the government is permeable to manipulation, and they freely accept whatever argument that makes them pay for the risk. Govts don’t have to invest in private sectors. They don’t have to borrow in the name of their subjects. Yet they do it, without the consent of their subjects, because it is a non-working democracy, and because people accept it like business as usual. So yes, good taxpayers have to pay for badly managed private companies.