Post ATVgGFnZIDCCMI1Vk8 by MadMadMadMadRN@mastodon.social
 (DIR) More posts by MadMadMadMadRN@mastodon.social
 (DIR) Post #ATVgGFnZIDCCMI1Vk8 by MadMadMadMadRN@mastodon.social
       2023-03-11T15:05:16Z
       
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       The SVB bank run and the calls to make depositors whole beyond FDIC limits are a great reminder that capitalists who make money by owning things rather than making things (aka "passive income") claim they nevertheless deserve what they have because investing involves risk. However, when capitalist spin the wheel and lose, they expect the state and by extension the public to cover their losses.
       
 (DIR) Post #ATVgGIS3QelkaQys7s by MadMadMadMadRN@mastodon.social
       2023-03-11T15:13:46Z
       
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       My entire adult life I've seen this type of "lemon socialism" over and over again. Privatize the gains, socialize the losses. But on the rare occasions when the government has enacted policies like student loan relief or pandemic stimulus that help anyone who isn't already rich, the right and the "moderates" and "centrists" who are their useful idiots howl about moral hazard and welfare hammocks and the evils of government "hand outs".