Billionaires using their influence over government to make government bail them out is regulatory/state capture producing an oligarchic or plutocratic outcome.
People will disagree on how much capture is actually happening versus governments choosing bailouts for other reasons (systemic risk, unemployment prevention, etc.).
I mean, look at who consistently votes and look at who established the nation 250 years ago. Then think about who has since upheld and enforced those laws. The rest of us have had to fight for a seat at the table, and too many of us take it for granted. There's a status quo, and it's intentionally structured to protect those with wealth, property, and access. When the working class, the poor, women, people of color, the LGBTQ+ community, persons with "disabilities," and other historically oppressed groups of people don't meaningfully participate to eliminate that status quo, then we continue to perpetuate a system that was built to benefit those who put its wheels in motion centuries ago.
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u/Hashsum88 7h ago edited 5h ago
capitalize profits, socialize losses. Welcome to modern era capitalism
edit: i meant โprivatizeโ profits!