▲ 1708 ▼ Once-in-a-generation (lemmy.ml) submitted 1 year ago by cm0002@lemmy.world to c/funny@sh.itjust.works 190 comments fedilink hide all child comments
[–] oysterenjoyer@sh.itjust.works 14 points 1 year ago (1 child) Me when capitalism permalink fedilink source hideshow 2 child comments replies: [–] Sabata11792@ani.social 8 points 1 year ago (3 children) Capitalism works if we factory reset it every 10 years or so. permalink fedilink source parent hideshow 6 child comments replies: [–] VicksVaporBBQrub@sh.itjust.works 6 points 1 year ago That 10 years coincides with US debt and bankruptcy law. "Like a free Uno reverse card", a quote that needs be in grade school textbooks. permalink fedilink source parent [–] Bytemeister@lemmy.world 4 points 1 year ago* Capitalism works when it's allowed to work, and part of that is strong social safety nets... For the people, not the companies. If we'd let banks and businesses fail in 2008 it, it would have been devastating at the time, but we wouldn't be in this hot mess today. Because the government is so friendly to failed businesses, models that play fast and loose can make huge profits, squirrel away that cash, fail, and then get bailed out by the taxpayer. Meanwhile, slower and more stable institutions get outcompeted in the short term, and don't get bailed out when they withstand the failing economy events. Privatize the profits, socialize the losses. Oh, and we need actual monopoly laws. No way in hell Amazon isn't a monopoly. permalink fedilink source parent [–] oysterenjoyer@sh.itjust.works 3 points 1 year ago Oh yes, that's true permalink fedilink source parent
[–] Sabata11792@ani.social 8 points 1 year ago (3 children) Capitalism works if we factory reset it every 10 years or so. permalink fedilink source parent hideshow 6 child comments replies: [–] VicksVaporBBQrub@sh.itjust.works 6 points 1 year ago That 10 years coincides with US debt and bankruptcy law. "Like a free Uno reverse card", a quote that needs be in grade school textbooks. permalink fedilink source parent [–] Bytemeister@lemmy.world 4 points 1 year ago* Capitalism works when it's allowed to work, and part of that is strong social safety nets... For the people, not the companies. If we'd let banks and businesses fail in 2008 it, it would have been devastating at the time, but we wouldn't be in this hot mess today. Because the government is so friendly to failed businesses, models that play fast and loose can make huge profits, squirrel away that cash, fail, and then get bailed out by the taxpayer. Meanwhile, slower and more stable institutions get outcompeted in the short term, and don't get bailed out when they withstand the failing economy events. Privatize the profits, socialize the losses. Oh, and we need actual monopoly laws. No way in hell Amazon isn't a monopoly. permalink fedilink source parent [–] oysterenjoyer@sh.itjust.works 3 points 1 year ago Oh yes, that's true permalink fedilink source parent
[–] VicksVaporBBQrub@sh.itjust.works 6 points 1 year ago That 10 years coincides with US debt and bankruptcy law. "Like a free Uno reverse card", a quote that needs be in grade school textbooks. permalink fedilink source parent
[–] Bytemeister@lemmy.world 4 points 1 year ago* Capitalism works when it's allowed to work, and part of that is strong social safety nets... For the people, not the companies. If we'd let banks and businesses fail in 2008 it, it would have been devastating at the time, but we wouldn't be in this hot mess today. Because the government is so friendly to failed businesses, models that play fast and loose can make huge profits, squirrel away that cash, fail, and then get bailed out by the taxpayer. Meanwhile, slower and more stable institutions get outcompeted in the short term, and don't get bailed out when they withstand the failing economy events. Privatize the profits, socialize the losses. Oh, and we need actual monopoly laws. No way in hell Amazon isn't a monopoly. permalink fedilink source parent
[–] oysterenjoyer@sh.itjust.works 3 points 1 year ago Oh yes, that's true permalink fedilink source parent