> If you tell people you’ll take care of their losses for them and they can keep all of the profits, who would say no?! That’s not capitalism in any respectable

> If you tell people you’ll take care of their losses for them and they can keep all of the profits, who would say no?! That’s not capitalism in any respectable sense; that’s crony capitalism. i think, to some extent, with the accumulation and employment of captial (the point of "capitalism"), its intuitive to surmise that employment of capital also entails co-opting governments for their own benefit to further improve the ability to accumulate and employ more capital (get the govt to bail you out, rewrite the rules of finance etc) so, maybe saying just "this isnt capitalsim" isnt going far enough, maybe instead it is the result of capitalism