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As a historical "for scale", a bunch of rich businessmen once bailed out the American federal government: https://historydaily.org/panic-of-1893 https://history
by big_chungus 7y ago
As a historical "for scale", a bunch of rich businessmen once bailed out the American federal government: https://historydaily.org/panic-of-1893 https://historydaily.org/panic-of-1893
In 2008, the American federal government bailed out JP Morgan: https://dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion-bailout/ https://dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion...
Now you tell me, who's bigger? America has huge companies that are nevertheless tiny in relation to her GDP and government expenditure. America happens to be quite populous, geographically-large, rich in resources, and highly-developed. It stands to reason that she supports many of the world's largest companies.