capitalism

Out of context: Reply #470

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  • utopian4

    'Heads we win, tails you lose': how America's rich have turned pandemic into profit.

    As 26 million+ Americans lose their jobs, the billionaire class has added $308 Billion to its wealth.

    Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the old saying.

    Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic. At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.

    https://www.theguardian.com/worl…

    • Yup, there will be a revolution, eventually, at least until there is a guaranteed minimum incomeformed
    • (which the billionaires will happily fund to keep from getting lynched)formed
    • Gov handouts more aligned with socialism. U should really focus your anger on the enemy than be a puppet of what u dislikedeathboy
    • why? why not lynch the political class for enabling this in the first place?grafician
    • Takedown the socialist gov!deathboy
    • Of course doing that requires quite a bigger loss of real free markets... Can u stomach the fake growth through money policydeathboy
    • Giving money to corporations is not socialism you donkey.i_monk
    • It's gonna start trickling down anytime now...lolMilan
    • haha imonk actually it is exactly socialism. just not your prefered varity or end gamedeathboy
    • It's the exact opposite of socialism and you'd know this if you took even a moment to look up what socialism is (you clearly have no idea) or for the first timei_monk
    • in your life were honest about your deeply entrenched biases.i_monk
    • Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public.i_monk
    • Your ignorant bluster might take you far on twitter or in your circle of ignorance, but you are factually wrong.i_monk
    • Now go drink some bleach.i_monk
    • haha hey you said crony capitalism. Does that share more similarities with free market capitalism or trend more towards socialismdeathboy
    • id say socialism. and if you don't like that word facsim,communism,soc... all the same. we can say collectivism.deathboy
    • were the few decide for the majority by rule. how to distribute capital for the greater good. in this case and historically all cases will benefit the rich.deathboy
    • and connected. wether lenin or any dictator. historically the small majority who "decide" for others on capital and business never help those they promised toodeathboy
    • help. so yes call it crony capitalism if it makes you feel better but just a twin sister of socialism or any other collectivism and totally opposite of capitalideathboy
    • crony capitalism is like bizarro capitalism in they share the same name but absolutely oppositesdeathboy
    • and so you dont get confused. i dont like it as much as you. im just not a muppet of the system. blaming failures of political systems gaming markets for biggerdeathboy
    • and bucks while minimizing competition. neverunderestimate a successfuls company desire for protectionary measures form competitiondeathboy
    • Shhh, the adults are talking.i_monk
    • adults can talk and they can still be very very wrong. perhaps by adult u mean smart enough to dodge a response? just answer is crony capitalismdeathboy
    • just a term that has nothing to do with capitalism but political leaders and power that is far more collectivism in functiondeathboy
    • u said "Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public."deathboy
    • As most collectivism philosophy it usually denies defining the public. For sure corp shareholders are public. more so considering gov pensions. and as much isdeathboy
    • distributing wealth. what public did you wish your collectivism would work for and how? run for office with a plan. Every cunt does itdeathboy
    • Bailing out owners is not socialism. Period.i_monk

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