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How is socializing losses a part of capitalism? Supposedly free markets is a part of capitalism, but if you don't let things fail, how can you call it a free ma

How is socializing losses a part of capitalism? Supposedly free markets is a part of capitalism, but if you don't let things fail, how can you call it a free market?

PinguTS 4y ago
Because its those who call for the goverment for a bailout, because otherwise it will hurt the general public -> many failing business -> increasing unemployment
MoOmer 4y ago
I believe the parent comment was talking more on the actualities during implementation vs. theoretical. Turns out, greed is a powerful driver; and, humans are fully capable of self-serving mental gymnastics.
- Jensson 4y ago
  Most implementations of capitalism isn't USA though, there are plenty of successful examples in the world today that doesn't have these problems.
phkahler 4y ago
>> How is socializing losses a part of capitalism? Not textbook capitalism, the fake kind we have. The one where businesses clammor for "free markets" and no regulation, but only when it suits them.
- bravo22 4y ago
  Aka crony capitalism, aka socialism with some free market features.
  - phkahler 4y ago
    I don't understand how that's socialism?
7steps2much 4y ago
A capitalist will always support whatever is best for them. That means amongst other things: - privatizing gains, socializing losses - free markets/competition while they are poor, monopolies once they are on top As a good capitalist you would aim to dismantle the very things that enabled your rise to power.
ModernMech 4y ago
There’s capitalism in the textbook and capitalism as practiced by capitalists. Free markets are a great idea and all, but I’ve never met a capitalist who actually supported free markets. The natural state of capitalism trends toward monopolies, regulatory capture, cronyism, price fixing, wage theft, information asymmetry, and bailouts.
Vt71fcAqt7 4y ago
>Supposedly free markets is a part of capitalism No. Those are two different things.
- capableweb 4y ago
  Sure, I haven't said otherwise. But if you imagine a capitalistic system, isn't free markets a part of it? And what other economic systems than capitalism do you imagine having free markets? Hence the "is a part of" part of my comment.
  - Vt71fcAqt7 4y ago
    >But if you imagine a capitalistic system, isn't free markets a part of it? See: 1940-1970 Japan, South Korea, 1980-2023 China.

How is socializing losses a part of capitalism? Supposedly free markets is a part of capitalism, but if you don't let things fail, how can you call it a free market?

PinguTS 4y ago

Because its those who call for the goverment for a bailout, because otherwise it will hurt the general public -> many failing business -> increasing unemployment

MoOmer 4y ago

I believe the parent comment was talking more on the actualities during implementation vs. theoretical. Turns out, greed is a powerful driver; and, humans are fully capable of self-serving mental gymnastics.

Jensson 4y ago
Most implementations of capitalism isn't USA though, there are plenty of successful examples in the world today that doesn't have these problems.

phkahler 4y ago

>> How is socializing losses a part of capitalism? Not textbook capitalism, the fake kind we have. The one where businesses clammor for "free markets" and no regulation, but only when it suits them.

bravo22 4y ago
Aka crony capitalism, aka socialism with some free market features.
- phkahler 4y ago
  I don't understand how that's socialism?

7steps2much 4y ago

A capitalist will always support whatever is best for them. That means amongst other things: - privatizing gains, socializing losses - free markets/competition while they are poor, monopolies once they are on top As a good capitalist you would aim to dismantle the very things that enabled your rise to power.

ModernMech 4y ago

There’s capitalism in the textbook and capitalism as practiced by capitalists. Free markets are a great idea and all, but I’ve never met a capitalist who actually supported free markets. The natural state of capitalism trends toward monopolies, regulatory capture, cronyism, price fixing, wage theft, information asymmetry, and bailouts.

Vt71fcAqt7 4y ago

>Supposedly free markets is a part of capitalism No. Those are two different things.

capableweb 4y ago
Sure, I haven't said otherwise. But if you imagine a capitalistic system, isn't free markets a part of it? And what other economic systems than capitalism do you imagine having free markets? Hence the "is a part of" part of my comment.
- Vt71fcAqt7 4y ago
  >But if you imagine a capitalistic system, isn't free markets a part of it? See: 1940-1970 Japan, South Korea, 1980-2023 China.