4 ms·
>That's not a flip side: it's the prisoner's dilemma. True. Having the retirement funds of gen-pop tied to the wellbeing of some unscrupulous mega-corps, leads
by Cumpiler69 2y ago
>That's not a flip side: it's the prisoner's dilemma.
True. Having the retirement funds of gen-pop tied to the wellbeing of some unscrupulous mega-corps, leads to a prisoner's dilemma where governments and gen-pop are incentivized to ignore or even support the exploitation, societal damage and misbehavior of such "too big to fail" entities.
It becomes a form of mutually assured destruction: "you can regulate or fine us Uncle Sam, but you'll also be hurting the retirements of your citizens; are you sure you want to do that?"
- Nasrudith 2y agoWhere do you think the funding for public pensions comes from, fairy godmothers? Retirement depends upon the market economy to fund it either way. Your wellbeing was already tied from the start.
- Cumpiler69 2y ago>Where do you think the funding for public pensions comes from, fairy godmothers? From my taxes currently.