cross-posted from: https://lemmy.ml/post/21841560
this post was submitted on 27 Oct 2024
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Late Stage Capitalism
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I don’t really remember people calling for the bank bailout
Yeah I'm pretty salty about the bank bailouts.
Let them die. If you don't let businesses occasionally fail then you don't have capitalism. You have oligarchical socialism.
Yeah it's a problem for the million or so employees. Bail them out. Bail out the people actually doing the work. Bail out the fucking victims.
Student loan forgiveness is fine, whatever. I'd love to have mine wiped out don't get me wrong, but Jesus it's fucking pointless unless you also change the rules and reform the industry.
All bailed out companies should be required to turn into worker cooperatives
@latestagecapitalism
Not arguing, I like the idea. But would the people in power just ensure the business failed after that so they could rebuild their non employee owned business thus fucking over the employees even more?