The Capitalists Will Sell Us the Rope with Which We Will Hang
- Thread starter zdreg
- Start date
all cash
As if a Dunning-Kruger poster child like yourself can deem what is logical and what's not.
Horrible idea. The idiots you support have done enough damage already.
As A Former Credit Suisse Risk Management Shlub, I Ask: Is DEI Bringing Down The Banking System?, by John Derbyshire - The Unz Review
I actually support stronger regulation but in absense of that nationalization.
Banks are critical to the economy and they have proven over and over again that they have no issue holding the country hostage in order to get bailed out. In our generation we’ve seen it twice. And if you are older than me, you’ve seen it three times. No other industry requires a massive bailout every 15 years except for maybe the airline industry.
But in the other 14 years bankers are the highest paid professions in the country.
Edit; your article is pushing this diversity angle. It has nothing to do with capital controls and investment regulation. In fact it’s a conservative political diversion tactic to distract from the discussion that the republicans loosened regulation at the behest of this bank and then it blew up 3 years later.
Banks are critical to the economy and they have proven over and over again that they have no issue holding the country hostage in order to get bailed out. In our generation we’ve seen it twice. And if you are older than me, you’ve seen it three times. No other industry requires a massive bailout every 15 years except for maybe the airline industry.
But in the other 14 years bankers are the highest paid professions in the country.
Edit; your article is pushing this diversity angle. It has nothing to do with capital controls and investment regulation. In fact it’s a conservative political diversion tactic to distract from the discussion that the republicans loosened regulation at the behest of this bank and then it blew up 3 years later.
I dont know how much money you own, but for me, a back pack or a briefcase will not hold the amount that i own. And i damn sure am not going to tote that with me everywhere i go...
There must be some way to bring our life savings with us wherever we go that can fit in our pockects....
If that's the case, why not nationalize the entire utility grid, educational institutions, and healthcare as well. They are of much higher systemic importance.
Capitalism in the absence of proper regulations and punishment for wrongdoing and a fight against nepotism and corruption is exactly the problem many Anglo-Saxon nations are currently ailing from. Nationalizations cannot be the answer.
Capitalism in the absence of proper regulations and punishment for wrongdoing and a fight against nepotism and corruption is exactly the problem many Anglo-Saxon nations are currently ailing from. Nationalizations cannot be the answer.
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Your understanding of capitalism is very shallow. Government created the problem. Now the government is going to solve the problem with more government.
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