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>> ... government ends up paying for it when things go wrong but shareholders get paid when they go right. A sizable percentage of the population sees this as
by sandworm101 4y ago
>> ... government ends up paying for it when things go wrong but shareholders get paid when they go right.
A sizable percentage of the population sees this as a valid role for government. Every time the stock market dips a little, or home prices flatten off, people scream for the government to do something. Dumping government money into private entities to protect "shareholder value" is why stocks have risen so dramatically in the last 15 years. An entire generation has grown up thinking this is not only normal but that the party should never stop. The goal at every publicly-traded company is to become dominant enough to qualify for such protection (ie be just slightly more important than Lehman Bros was).
- palata 4y ago> A sizable percentage of the population sees this as valid role for government Interested in any source here.
- redox99 4y ago"sizable percentage" is so vague that it's probably easy to back up that claim
- prox 4y agoI am assuming that in Europe it’s not that rare nor weird, while in the US I can almost hear the doomsday bells ringing.
- consp 4y agoHasn't happened a lot since the privatisation movement in the 90s but it's not unprecedented. Most recent example is however South America (Argentina, railways) I guess.
- izacus 4y agoEveryone in US would be sprinting to nationalize the big banks if that would pose any threat to national wealth or allow other countries (china!) to be more influential.
- paganel 4y agoSince the famous “it’s the economy, stupid!” each and every US President has taken upon himself to support said economy and to make it thrive, because that’s what was getting the electorate’s votes. That has mostly meant trying to support the stock market/share prices, but under the current ideological circumstances it wouldn’t surprise me if the US Government were to help other sections of the economy, like housing.
- mannerheim 4y ago'Toute nation a le gouvernement qu'elle mérite.'