▲ 495 ▼ Thatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism? (sh.itjust.works) submitted 3 days ago by Darkcoffee@sh.itjust.works to c/latestagecapitalism@lemmy.world 79 comments fedilink hide all child comments
[–] VitoRobles@lemmy.today 2 points 2 days ago (1 child) That's how America is now currently $40 trillion in debt! Just shut up and keep printing! permalink fedilink source parent hideshow 2 child comments replies: [–] Don_alForno@feddit.org 2 points 1 day ago* (last edited 1 day ago) If they just printed it they wouldn't be in debt. The capitalists have successfully introduced a system in which the government has to borrow money from private banks who borrow it from the central bank that prints it. Instead of just printing money, we now print money and pay interest on it to private banks. permalink fedilink source parent
[–] Don_alForno@feddit.org 2 points 1 day ago* (last edited 1 day ago) If they just printed it they wouldn't be in debt. The capitalists have successfully introduced a system in which the government has to borrow money from private banks who borrow it from the central bank that prints it. Instead of just printing money, we now print money and pay interest on it to private banks. permalink fedilink source parent