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To: entropy12

I don’t believe the FED, banks and crony capitalism as it currently operates in the US is capitalism. I seem to recall banks weren’t allowed to fail in the housing crisis. Many bailouts during COVID but most Mom and Pop businesses were allowed to fail. COSTCO and Walmart etc. were allowed to stay open but not small businesses. That isn’t capitalism.


21 posted on 08/20/2022 5:49:03 AM PDT by PK1991 ( )
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To: PK1991

Don’t waste your time. He’s an egotistical, selfish old man, devoid of any care for others.


26 posted on 08/20/2022 5:51:39 AM PDT by EEGator
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To: PK1991
"I don’t believe the FED, banks and crony capitalism as it currently operates in the US is capitalism. I seem to recall banks weren’t allowed to fail in the housing crisis."

I remember during the last, pre-COVID, "too big to fail," round of bail outs, one economist saying something to the effect of, "capitalism without the risk of failure is like Christianity without the risk of hell." You take away one of the basic tenets of something and that thing no longer is the thing that it was. Free markets entail risk, and if you insulate free markets practitioners from that risk, the markets really are no longer free.

37 posted on 08/20/2022 6:01:03 AM PDT by Joe 6-pack
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To: PK1991

Have you ever seen Generation Zero. Goes right to your point.


86 posted on 08/20/2022 6:59:52 AM PDT by qaz123
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To: PK1991

What you currently see in America is Mussolini’s vision of Fascism: Government and Corporations working together to control everything (for themselves of course).


144 posted on 08/20/2022 1:11:14 PM PDT by Rlsau1
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