Post AZE58HAV2XaJ3hXeDo by wakejagr@hachyderm.io
(DIR) More posts by wakejagr@hachyderm.io
(DIR) Post #AZE58FfGdB0WOXvBtw by Adam_Cadmon1@mastodon.online
2023-08-29T11:52:40Z
0 likes, 0 repeats
Seems like banks fail a lot. A lot.
(DIR) Post #AZE58GQlmZ0Mls97wW by anubis2814@friendica.myportal.social
2023-08-29T11:56:54Z
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@Adam_Cadmon1 Why the "too big to fail" banks are so devastating. They fail just as much, we just have to constantly bail them out when they do.
(DIR) Post #AZE58HAV2XaJ3hXeDo by wakejagr@hachyderm.io
2023-08-29T12:40:12Z
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@anubis2814 @Adam_Cadmon1Too big to fail is too big. Once any commercial entity is too big to fail, it should be broken up into smaller chunks. Or, we could move to an alternative to capitalism. Just sayin' . . .
(DIR) Post #AZE58HxQ6eiTVQQiTQ by feld@bikeshed.party
2023-08-29T14:49:16.908797Z
2 likes, 0 repeats
Capitalism isn't the problem here. We should stop calling a broken system "capitalism" when it allows monopolies, allows these TBBF entities to exist which threaten the stability of the entire economy, and fights against regulatory enforcement. Those all need to be swiftly addressed for "capitalism" to be healthy.
(DIR) Post #AZE6RCJrOP5NTZVSqW by Adam_Cadmon1@mastodon.online
2023-08-29T14:59:11Z
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@feld @anubis2814 @wakejagr nah, capitalism is the problem. Mostly because anything that can be classed as advantageous for the minority and detrimental to the majority, in terms of economics, IS capitalism. Jumping through hoops to be pedantic doesn't change the problem nor does it address it.
(DIR) Post #AZE6RD5iWTMnrztgRM by feld@bikeshed.party
2023-08-29T15:03:14.232095Z
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> Mostly because anything that can be classed as advantageous for the minority and detrimental to the majority, in terms of economics, IS capitalism.No, it's not. Capitalism should promote diversity, competition, and fairness. That also includes continuously improving industries and driving the costs down farther and farther as the industry grows and matures. This raises the wealth of EVERYONE and increases their buying power.
(DIR) Post #AZE6rV6o9kkzHOwZRQ by Adam_Cadmon1@mastodon.online
2023-08-29T15:05:30Z
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@feld @anubis2814 @wakejagr "should" has it ever? Does it now? The problem is capitalism whenever your wishful thinking comes to its conclusion.
(DIR) Post #AZE6rVrxKSTFdd0Dvk by feld@bikeshed.party
2023-08-29T15:08:46.852011Z
1 likes, 0 repeats
Communism has never been implemented perfectly.Socialism has never been implemented perfectly.Their results have been disastrous. Do you think pivoting to these will somehow prevent evil people from usurping power? Laughable.We need a balance between a regulated capitalist market and a well implemented social safety net to catch what falls through the cracks because no single system is perfect. We need a hybrid approach because the real world is messy.
(DIR) Post #AZE78Az6EOyXmvI0yu by florida_ted@friendica.myportal.social
2023-08-29T12:45:56Z
1 likes, 0 repeats
“If you owe the bank a thousand dollars, and you can’t pay, you’re in trouble. If you owe the bank a billion dollars, and you can’t pay, the bank’s in trouble.”Or is it the tax-payers who are in trouble?
(DIR) Post #AZE7P8SAtXicrRyZiS by Adam_Cadmon1@mastodon.online
2023-08-29T15:10:54Z
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@feld @anubis2814 @wakejagr did I say that? You assume a helluva lot. Ok. Since you've got the answers, run for office and put this sinking ship on the right course. All I said was that capitalism is the underlying cause of most of the world's problems right now. We can do better.
(DIR) Post #AZE7P9Fnv1PxLNCD4a by feld@bikeshed.party
2023-08-29T15:14:51.348512Z
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> Since you've got the answers, run for office and put this sinking ship on the right course. The root of the problem isn't in currently in political office, but in a private entity that cosplays as a public one called The Federal Reserve. We fix the money first and the rest of the problems become approachable.
(DIR) Post #AZE7i59hNg6W8PMuY4 by Adam_Cadmon1@mastodon.online
2023-08-29T15:15:43Z
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@feld @anubis2814 @wakejagr so apply for Fed chair. Put up.
(DIR) Post #AZE7i5psqpqeFF6bIm by feld@bikeshed.party
2023-08-29T15:16:56.978931Z
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It's not an elected position...
(DIR) Post #AZE8FtD2IqBEvj3AkS by Adam_Cadmon1@mastodon.online
2023-08-29T15:19:22Z
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@feld @anubis2814 @wakejagr didn't I say "apply"? I did say apply. Hahahaha
(DIR) Post #AZE8FttDlzvN2YmrVA by feld@bikeshed.party
2023-08-29T15:24:20.270625Z
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There is nowhere to "apply". Do you not know how this works? The President selects, the Senate confirms, and then the board of governors have to confirm.We need to elect representatives to pass legislation to amend the Federal Reserve Act which includes changing their charter to fix this mess.
(DIR) Post #AZE8uxxVY68rX8NEem by Adam_Cadmon1@mastodon.online
2023-08-29T15:30:00Z
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@feld @anubis2814 @wakejagr hahaha, like I said, you've got all of the answers. I don't understand how you're not already working within the capitalist framework you so desire to salvage. Get to work. The ship is sinking.
(DIR) Post #AZE8v2HVTgW2wJlGNs by feld@bikeshed.party
2023-08-29T15:31:40.230724Z
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What's your suggestion? Another January 6th but this time it's an army of socialists? LMAO
(DIR) Post #AZE9FXSnFlkZRNoiw4 by Adam_Cadmon1@mastodon.online
2023-08-29T15:33:48Z
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@feld @anubis2814 @wakejagr I don't suggest anything other than that you seem to know the ACTUAL (in your mind) problem and ACTUAL (in your mind) solution. Since you know what's wrong and how to fix it, get to work doing something besides running your mouth.
(DIR) Post #AZE9FY8yivUhYDYPgm by feld@bikeshed.party
2023-08-29T15:35:26.825579Z
1 likes, 0 repeats
I *am* active. I've been a poll worker, I've registered voters. What do you do to participate in our running democracy?
(DIR) Post #AZE9aEkC2x0LSspEgK by Adam_Cadmon1@mastodon.online
2023-08-29T15:36:39Z
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@feld @anubis2814 @wakejagr enough. More than defending a broken capitalist dream, that's for sure. Have a good one.
(DIR) Post #AZE9aFZaxq7a2IsHnk by feld@bikeshed.party
2023-08-29T15:39:13.870346Z
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We can agree to disagree, and that's OK. ✌️and have a good day.