Originally Posted by spacecadet

corporate socialism has been the norm in america since before the 2008 crisis.

if i invest all my money into stocks instead of saving an emergency fund of three months and things go bad, does anyone care? nope.

if a corporation invests all their profits into stock buybacks instead of saving in case of an emergency and things go bad? capitol hill works instantly on a bailout. america is a socialist state, it's just socialism for the wealthy and corporations. they take all the profit, but none of the consequences from the business risks they take. taxpayers pay for the consequences, but get none of the profits when things are good.

btw i am in favor of a bailout, so long as they forbid stock buybacks, protect the labor force, and ban any golden parachutes for the ceos.