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This practice of "bailouts" has got to go. Either we're doing capitalism or socialism. Bailouts amount to socializing losses while gains stay privatized, it's
by pengaru 4y ago
This practice of "bailouts" has got to go.
Either we're doing capitalism or socialism.
Bailouts amount to socializing losses while gains stay privatized, it's total bullshit. We can't even have socialized healthcare and universities, yet we piss money away on saving these corporations.
The only kind of bailouts I might be convinced to get behind is when it nationalizes the entity being bailed out. It's no longer a private sector corporation, it belongs to the nation because it was too big/important to allow cease to exist. Leadership replaced, it's now a government jobs program and profits get distributed as dividends to all citizens.