1662
Once-in-a-generation
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Apr 2025
1662 points (99.1% liked)
Funny
8812 readers
1646 users here now
General rules:
- Be kind.
- All posts must make an attempt to be funny.
- Obey the general sh.itjust.works instance rules.
- No politics or political figures. There are plenty of other politics communities to choose from.
- Don't post anything grotesque or potentially illegal. Examples include pornography, gore, animal cruelty, inappropriate jokes involving kids, etc.
Exceptions may be made at the discretion of the mods.
founded 2 years ago
MODERATORS
Me when capitalism
Capitalism works if we factory reset it every 10 years or so.
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.
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.
Oh yes, that's true