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How long and how severe will the next recession be? Will it also be accompanied by a sudden and unexpected shock like a global pandemic? I agree with your poi
by TheSpiceIsLife 7y ago
How long and how severe will the next recession be?
Will it also be accompanied by a sudden and unexpected shock like a global pandemic?
I agree with your point about executives being paid too much while the company and staff suffer, but that's a separate issue.
- lovich 7y agoThose are all good questions. My point I was trying to make is that we are treating individuals with the cold hard truth of full boned capitalism, but when it comes to corporations we suddenly have all these excuses and help for them. If we are fully capitalist then the only answer to the right sized war chest is one large enough for the next recession. Whether or not its difficult or impossible to determine what that size is, if you don't have one big enough your company will go into bankruptcy. If that sounds like a ridiculous burden to put onto companies, _then why do we put it onto individual citizens?_
- TheSpiceIsLife 7y agoAh, yep, fair enough. Yep, generally agree. A strong social safety net seems important to me. Here in Australia we do have social security and a healthcare benefits program. So there's that.