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No, this is being done for political reasons, to hedge against China capturing Taiwan. > It reinforces the adge that capitalism is about private profits and so
by robertlagrant 2y ago
No, 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.