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This is so disappointing. It reinforces the adge that capitalism is about private profits and socialised losses. Capitalism is about letting failed companies
by max_ 2y ago
This is so disappointing.
It reinforces the adge that capitalism is about private profits and socialised losses.
Capitalism is about letting failed companies fail. Not propping the up with tax payer money.
- robertlagrant 2y agoNo, this is being done for political reasons, to hedge against China capturing Taiwan. > It reinforces the adge that capitalism is about private profits and socialised losses. This isn't a good adage, although I agree the people saying it have a very low bar for reinforcing it. Profits are the things that are taxed, and thus socialised. Losses are absorbed by a business' owners.