capitalism
capitalism
Out of context: Reply #200
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- sofas1
Musings after very superficial reading...
It looks like "community relations" or "community reinvestment" has a significant side effect / done to raise the market entry barrier, gather intelligence on and infiltrate local population, increase dependency on the corporation, replace the government, improve reputation with bread and circuses.
It reminds me of the mob helping out the poor.
https://www.inc.com/encyclopedia…
https://en.wikipedia.org/wiki/Co…- i've heard "socialise losses, privatise profit" and phrases like "corporate socialism" to describe this sort of practice in the sates, but essentially yourkingsteven
- government pays banks to be less discriminatory?kingsteven
- the banks exploit it to make a quick buck by giving out a shit ton of risky loans... triggers worldwide global financial crisis... banks bailed out by taxpayerkingsteven