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Are those with capital served by the governments propping up the banks? Then it is capitalism.

• adventured 4y ago
  Which people? The people with opportunity capital that are now frequently denied the ability to rationally utilize their capital to acquire discounted assets from other irresponsible actors? Those responsible actors with capital - biding their time forever - are being routinely punished in this corrupted system of constant government intervention and bailouts. Bankrupt GM would not have vanished, its pieces would have been acquired at a steep discount. Pandemic mega airlines would not have all vanished without government bailouts, some of them would have been acquired for cheap (and essentially all of their assets would have been acquired one way or another). Buffett's Berkshire Hathaway for example, is typically extraordinarily responsible with its capital and most often maintains enormous reserves, ready to strike when the opportunity presents. The post great recession era has been a nightmare for him in terms of deploying capital, because the Fed was performing a decade plus long handout program to investors, making their assets artificially more expensive to fake prosperity. Buffett, one of the ultimate capital actors, is very heavily handicapped in these scenarios, insofar as he's unwilling to act as recklessly as the rampant speculators that commonly blanket Fed bubble markets (whether housing bubbles, dotcom bubble, or the couple of more recent bubbles such as in crypto). So no, not all with capital are served by this environment of Fed & US Government fraud. Many would do far better without it, picking up cheap assets for pennies on the dollar when other irresponsible parties take insane risks and implode.