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"Corporate socialism" is the privatization of the profits and socializing the risks. Who owns the banks that were bailed out by the US government in 08? hint: t
by dfxm12 3y ago
"Corporate socialism" is the privatization of the profits and socializing the risks. Who owns the banks that were bailed out by the US government in 08? hint: they weren't nationalized; they're still private. Capitalism comes in many forms. If market intervention enforces private ownership of capital, it is still a feature of Captialism.
- Phiwise_ 3y agoDidn't think I'd run into the Department of Housing and Urban Development on HN today. Call me crazy, but I'm not sure they're the best party to be asking for capitalist definitions in this dispute.