3 ms·
> What banks are doing is "a regular cycle" of modern capitalism (although this sounds like nonsense) - greed. This is not capitalism though. Like True sociali
by cscurmudgeon 4y ago
> What banks are doing is "a regular cycle" of modern capitalism (although this sounds like nonsense) - greed.
This is not capitalism though. Like True socialism/communism, True Capitalism has never been tried. This is all crony capitalism with state protection.
- chaostheory 4y agoAgreed. Also if people are going to constantly bring up late stage capitalism, we should also talk about late stage socialism. Late stage capitalism tends to happen more often and much sooner.
- fmajid 4y agoAnd late-stage socialism ends up with 50M dead as under Stalin or Mao. Pol Pot tried his best to keep up, but he just didn't have that many Cambodians available to murder.