American Communism!
in World ·
Samuel Brown88 said:Man, what "socialism" or... Communism...
Bottom line is, the government shouldn't be stepping in like this...
Once the crisis passes... but what if these companies don't even make it through? Who picks up the tab? Some wealthy CEO who's been raking it in for years isn't gonna pay... it's always gonna fall on the taxpayers, aka the people...
Sure, surplus is social property, but so is a deficit or a loss... so the real question is, who keeps covering these companies' losses if they just keep bleeding money?
That's just not how capitalism works...
The government should stick to social safety nets and helping workers by cutting taxes or whatever... stimulus checks and stuff... maybe the Federal Reserve messing with interest rates, but that's about it...
Thanks for the response. I guess crimsonranger38 pretty much covered everything for you.
Just to add a few more companies that the government decided not to bail out.
I suppose one has to wonder why the US didn't step in to bail out the banks that were teetering on the edge of bankruptcy and triggering this entire economic meltdown. It’s curious why they didn't extend a hand to the investment funds either. Instead, it seems the plan is to rescue the auto industry just to save a few specific people's skins. Capitalism, by its very definition, should mean that if you perform well, you rise to the top, and if you fail, you simply cease to exist. The government really shouldn't be intervening at all; honestly, any time the state steps in like this, it feels like nothing more than pure socialism. 🙂