3 ms·
True Capitalism looks a lot more like socialism than many would like to admit.
by moomin 3mo ago
True Capitalism looks a lot more like socialism than many would like to admit.
- The_Blade 3mo agoreap the profits, socialize the losses
- SaltyBackendGuy 3mo agoThat's crony capitalism again
- scottyah 3mo agoSocialism is crony capitalism?
- dragontamer 3mo ago> The directors with of such [joint-stock] companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own Adam Smith, the Wealth of Nations
- scottyah 3mo agoCorporations are the definition of socialism- everyone pools their efforts and they decide how to allocate the rewards (after taxes).