System Protects Power

[u/PleasantBus5583]

[u/Hashsum88]

capitalize profits, socialize losses. Welcome to modern era capitalism

edit: i meant ‘privatize’ profits!

[u/JiuJitsuBoxer → u/Hashsum88]

I’d call it corporatism. Capitalism would not subsidize losses.

EDIT: to anyone disagreeing, having a central bank printing money to let banks not get bankrupt is the exact opposite of capitalism. It's literally communism in the sense of having a planned economy in the most important market of all: money. And then abusing that to socialize losses of private companies.

[u/Talonqr → u/JiuJitsuBoxer]

You're going to get comments arguing about whether this is capitalism or not

Venture capitalism, techno-feudilsm etc etc

The label is irrelevant because at its core its always the same issue no matter the system; the rich/powerful vs everyone else

[u/stilljustacatinacage → u/Talonqr]

The purpose of a system is what it does. "ThAtS NoT REaL --" is a pointless argument regardless of which C a person is arguing for. People are more concerned with getting a pat on the back for proper use of terminology than doing the uncomfortable mental labour of recognizing that... all of this, all of it, is broken.