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/Migraine_b0y → u/JiuJitsuBoxer]

Exactly. If we were in a capitalist society all thise companies woud have gone bankrupt in 2009