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This is mostly clickbait. The only evidence that's presented that the govermnent is practicing "socialism for the rich" is the statement of an investment banker
by chanakya 6y ago
This is mostly clickbait. The only evidence that's presented that the govermnent is practicing "socialism for the rich" is the statement of an investment banker, of all people. He also says that government intervention "stimulates the stock market" rather than the "real economy", and the "best evidence" is that the stock market is rising during the pandemic and startups have been dying.
Meanwhile, in the real world, government money during the pandemic is going to individuals who need it and to small businesses. Which is exactly as it should be as we deal with a bad situation. It's a good thing that the stock market remains high, as the economy hasn't taken the big tumble in the US that it has in many other countries.