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it's hard to take anything you say seriously when you're committing such a huge category error with socialism. socialism is publicly-owned houses. it's the pub

it's hard to take anything you say seriously when you're committing such a huge category error with socialism. socialism is publicly-owned houses. it's the public owning equal portions of the major capital forces in the country. it's running large portions of the country without any focus on profit whatsoever. it's not propping up multiple colossal profit-making companies because you're too scared to do anything even resembling government interference. that's government interference, by the way, not socialism. we're so far from socialism here that it's laughable. what you're demonising is incompetent Keynesianism.

gruez 2y ago
>it's hard to take anything you say seriously when you're committing such a huge category error with socialism. >socialism is publicly-owned houses [...] >what you're demonising is incompetent Keynesianism. None of that is incompatible with the parent comment, which only said that "leftists and socialists, believe that the 2008 Great Financial Crisis was caused by greedy US banks [...]". It didn't even describe what a socialist system would look like.
- deleted 2y ago
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- permo-w 2y ago
  it seems that you didn't read past the first sentence of the comment. >The bad loans were subsidized by the public at large, and that is a good example of socialism in practice.
  - greentxt 2y ago
    He is making an analogy it seems to me, rather than trying to redefine socialism as bad loans subsidized by taxpayers. The point isn't that they are the same, but that they are the same in a way. The way the are they are the same was left up to readers rather than being made explicit but I think the idea is that people are much better at allocating their own money than allocating other peoples' money. A fair point it seems. Of course the 2008 crash was about credit default swaps too as I recall. Mostly private sector failings.

gruez 2y ago

>it's hard to take anything you say seriously when you're committing such a huge category error with socialism. >socialism is publicly-owned houses [...] >what you're demonising is incompetent Keynesianism. None of that is incompatible with the parent comment, which only said that "leftists and socialists, believe that the 2008 Great Financial Crisis was caused by greedy US banks [...]". It didn't even describe what a socialist system would look like.

deleted 2y ago
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permo-w 2y ago
it seems that you didn't read past the first sentence of the comment. >The bad loans were subsidized by the public at large, and that is a good example of socialism in practice.
- greentxt 2y ago
  He is making an analogy it seems to me, rather than trying to redefine socialism as bad loans subsidized by taxpayers. The point isn't that they are the same, but that they are the same in a way. The way the are they are the same was left up to readers rather than being made explicit but I think the idea is that people are much better at allocating their own money than allocating other peoples' money. A fair point it seems. Of course the 2008 crash was about credit default swaps too as I recall. Mostly private sector failings.