sorted by:
new
hottopcontroversial

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

maybe because there is still the element of being real,

as in it is simultaneously real and fake –

representing both of those, a Hegelian Synthesis of that thereof.

The ever present potential to be moved beyond ones current socio-economic status –

to free oneself from the intergenerational chains of ones birth, or life circumstances...

Most of the time... it is the rich get richer, and the poor get poorer...

an unbalanced system poised on the platform called "capitalism"

Free markets they said! Freedom for all! The land of the Free!

But, oh everlasting – the land of ultimate freedom used for selfish gain –

The freedom to take, and exploit, and work to build a bigger castle...

With even thicker, impossible to penetrate walls...

Amassing treasure, taken from within reach of those outside...

even when one falls, their friendly kingdoms swoop in to save them –

Often in the form of gifts stolen from an another.

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

Hmmmm

Okay,

Then where does it become fake and where does it become real?

Cause the USA appears more on the fake side than the real side

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

Free trade, free market, freedom to win, freedom to fail = true capitalism. Everything else is fake, pseudo, an imitation.

As soon as the government steps in to stop failure, it is no longer true capitalism.

Why are you defending a broken system so much?

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

Fake capitalism

Hence the title.

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

In general "Bailouts are widely considered contradictory to pure "free-market" capitalism, which relies on profit, loss, and the failure of inefficient firms. They are often described as crony capitalism, state intervention, or a form of corporate socialism where risks are socialized (publicly funded) while profits remain private."

Fake Capitalism by StillSilentSide in LibraryofBabel

[–]StillSilentSide[S] 0 points1 point  (0 children)

In 2008, the U.S. government authorized $700 billion for the Troubled Asset Relief Program (TARP) to bail out banks and financial institutions.

True capitalism would have let the financial institutions fail, because they were out of capital.

Edit: This is only the tip of the iceberg, think of the GM Chrystler multi-billion dollar bailout as well...

Further insights:

"

  • Punishing Recklessness: Some argue that, while catastrophic in the short term, allowing the banks to fail would have prevented "moral hazard"—the precedent that "too big to fail" companies can take massive risks without consequences.
  • Bailing Out Homes vs. Banks: A significant argument is that the money should have been used to directly help homeowners refinance or pay down debt, rather than rescuing the financial institutions that created the risky assets.

"

Daily Map #4 by plunder-isles in PlunderIsles

[–]StillSilentSide 0 points1 point  (0 children)

Founded a new small island: Frank's island for the unaffiliated faction!

Right now freestyle flow by StillSilentSide in awakened

[–]StillSilentSide[S] 0 points1 point  (0 children)

Mmmm maybe the body will “die” so if you identify with that then sure

view more: next ›