this post was submitted on 29 May 2024
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We're only socialist for bailouts.
If that were the case, then the banks would all be publicly owned now.
Bailouts aren't a little bit of socialism or "crony" capitalism - it's just capitalism. The banks own the factors of production, bought most representatives, and effectively bailed themselves out.
The banks need to die, every single one of them yes all of them.
I think what they're saying is that we subsidize losses for the rich, but for citizens it's rugged individualism. Bootstraps and such. The tax dollars are always there to bail out companies or to fight wars, but not to serve the needs of the people.
One of the times we distribute tax payers money for the rich.