3 ms·
Right. Everyone's a libertarian when the upside favors them and then suddenly a socialist when they actually experience downside.
by version_five 4y ago
Right. Everyone's a libertarian when the upside favors them and then suddenly a socialist when they actually experience downside.
- quickthrowman 4y agoPrivatized profits, socialized risk. The VCs have plenty of money to backstop a month of payroll for their portfolio companies, taxpayers should not be paying for this one. It sucks for customers that SVB chose greed over risk management, had they invested in short duration treasuries they would be fine. It’s time to let risk actually have consequences instead of big daddy Fed/Gov coming to the VCs rescue.
- dysonpunk 4y ago[flagged]
- ipaddr 4y agoWouldn't a libertarian take the upside socialist give away but set their own rules so they limit their downside?
- Apocryphon 4y agoIs regulatory capture a libertarian practice?