But AI is critial to the rise of Idiocracy!!
We shouldn’t be entertaining a bail out at all, regardless of any social systems being funded.
Who is “we”?
It seems like this is the usual ultra privileged people who violently control society under a fundamentally evil system.
That’s not me and I doubt it’s you.
All societies are controlled by violence.
I think you’re missing the point, but sure Jan
I’m still right. You can’t spell “enforcement” without “force”.
Came here to said the same thing. I get what she’s going for but no, there shouldn’t be a bailout at all.
If a government ever needs to bail out a company, that company should be rolled into the government as a utility or service, and its CEO/board should be released with no compensation, and barred from holding similar positions for 10 years.
The bank bailout, airline bailout, automotive bailout, mortgage bailout, etc., should have all been rolled into the federal government, or been completely shut down. If you run your business so shittily that you cannot function without a government bailout, then that business shouldn’t exist.
You’re overcomplicating things. There’s no reason for a bailout in an ostensibly capitalist economy, period. I appreciate your comment but bailouts shouldn’t exist at all
There are legitimate negative economic consequences to letting large enough businesses fail. Nationalizing them with no compensation to their executives is a better plan than golden parachutes or inaction, and it’s easier to do than fully-automated luxury gay space communism.
Nope there aren’t :) Ford, Wall Street, and Perplexity should all fail because… they failed.
That’s kind of how this whole thing works and the worst kind of PPP youre advocating for is what got us in this shithole in the first place
Remember that these CEO’s are the ones (along with their pay-for talking heads in the media) that will, with the zeal and energy of a pentecostal minister on crack, tell us all that socialism will destroy innovation, reward the lazy, and put a bigger burden on the middle class tax payer. All while doing everything their bank accounts can do to build a system where they get more and more of our tax money - because of reasons.
Socialized risk, privatized rewards.
Same as it ever was. Hail corporate!
Letting the days go by
I can feel myself being radicalized in real-time by the shamelessness with which they engineer the system to rob everyone not in their country club.
And by the video I watched this morning about who Jay Gould was and who Andrew Carnegie REALLY was.
And at least Carnegie built libraries, parks, and schools with some of his plunder. Modern capitalists don’t even do that.
Id like to watch this, have a channel name?
@DamonCassidy Why Billionaires HATE the Working Class. The Gould and Carnegie (mostly Gould) bit is only a small part of the video.
Thank you!
The rich don’t like that she breathes air.
I still don’t (figuratively) understand why the government has to subsidise a capitalistic system. Risk is a part of it, so why not embrace it? Is it because they’re too rich to fail? Why is that reserved for the poors?
To put it simply, because it’s too big that the economy of the country is depend on it. If the company failed, massive amount of mid/high income people would lose their job, and this will affect the country’s economy so badly it could potentially crash it. That’s why country constantly bail out big company, its to protect basically everyone. Except when other country bailing out a company they nationalised it in some way.
When the rich say trickle down economy, this is the stuff that is being trickle down, not the good stuff that benefits everyone.
They have the money to be able to change the rules and the lack of morality to be willing to change them.
because all that talk of “risk” and “effort” is propaganda.
they’re just making up excuses to why they are on top and why we should stay at the bottom. they actually take no appreciable risk, while we have to if we want to make a real investment.
At the very least the government should then own part of the companies they bail out. If they are so essential and unable to stay afloat on their own…
The car manufacturer bank bailout was treated as a loan. They did technically pay the government back+interest.
Because they are “too big to fail” because we have lack of regulation allowing for monopolies controlling vital infrastructure and aspects of society and government.
The rich won’t care what some phony politician said… They’ll still get their bailout.
exactly what i was thinking. no one will stop a possible bailout except the us people.
and the us people doesn’t seem interested in this effort.
