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"That's what capitalism stands for." I think that is something we tell ourselves even though it is not really true. We live in some amalgamated economic system
by sown 18y ago
"That's what capitalism stands for."
I think that is something we tell ourselves even though it is not really true. We live in some amalgamated economic system built on various rules of thumb, tradition and what ever else works to at least try to benefit real people and not perceptions. I guess the system also gets out of hand at times. ;)
- Prrometheus 18y agoIt is ugly, though, to see the pigs begging for a place at the trough. What was sold as a bailout to sore up systemic instability in the financial sector has become an everybody-invited tax money giveaway free-for-all for the favored donors and supporters of Congressional election campaigns. The next time I complain about high taxes and someone says "STFU the government does so much for you like libraries and fire stations", I am going to throw this trillion dollar pile of shit in their face.
- sown 18y agoI totally agree with your sentiment. The government, if it wanted to bail out the banks at all, should have attached some good strings to the money. Oh, well. :(