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The bad unintended consequences are gonna be much bigger this way. Think of communism, it started with good intentions but the unintended consequences of absolu
by android521 2y ago
The bad unintended consequences are gonna be much bigger this way. Think of communism, it started with good intentions but the unintended consequences of absolute power concentration (who can buy or sell what and at which prices ) caused absolute corruption and inefficiency
- PaulDavisThe1st 2y agoIn what way is "communism" a good example of what could happen with the US auto industry bailouts?
- TeMPOraL 2y agoThe point is for the government to have the ability to occasionally look the biggest wolves of Wall Street in the eye, and say to them, "haha. but no.". Exercising it doesn't require abolishing private property and taking central control of all trade.
- android521 2y agoHis point is that government should bailout failing company. I don't think this will end well if it becomes a common practice to bail out companies.
- dangus 2y agoYes, communism is when the government participates in bankruptcy court, makes an investment, and gets paid principal and interest on their loan. That’s exactly what Karl Marx was talking about.