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You are absolutely correct in that way of thinking. What astounds me the number of people on HN who are saying that we are lazy and anti-capitalist with that wa
by newbie578 3y ago
You are absolutely correct in that way of thinking. What astounds me the number of people on HN who are saying that we are lazy and anti-capitalist with that way of thinking. The system is broken. The rich are getting richer and the average workers are getting screwed big time. Privatized profits, but socialized losses.
As George Carlin said: "They are getting fcked by a system that threw them overboard 30 fcking years ago."
- humanrebar 3y agoPro-capitalist proposals exist, like YIMBY movements, pushback against regulatory capture, pushback against market breaking practices like locked down devices, and so on.
- zpeti 3y ago> Privatized profits, but socialized losses. 100% agree when it comes to the 2008 crisis, and the bailouts, and the zero percent interest rates for 20 years. But what has this got to do with layoffs at meta? Did they get a government bailout?
- robertlagrant 3y ago> Privatized profits, but socialized losses Can we stop saying this? Many taxes are paid before profits exist. Taxes are the sure thing; profits might happen, or you might go bust and investors lose all the money. That's not socialised losses. That's privatised risk, losses, then socialised taxes, then whatever's left is "privatised profits" - i.e. people actually getting a return on a risky investment.