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Comment on Capitalism isn't the problem, THIS is the problem, and I've watched it roll over us for 40 years. [3 min. video]

ryathal@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

Chicago School generally isn’t in favor of monopolies, and they opposed the to big to fail concept that is a big reason we are in this mess.

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PeriodicallyPedantic@lemmy.ca ⁨3⁩ ⁨days⁩ ago

I am opposed to the inevitable outcome of my policies!

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- ryathal@sh.itjust.works ⁨3⁩ ⁨days⁩ ago
  Nonsense, if companies took the loss from 2008 many banks and PE wouldn’t exist right now. A key part of capitalism is companies failing from bad investments, entropy, or other factors. You need the bust to create the boom.
  
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  - PeriodicallyPedantic@lemmy.ca ⁨3⁩ ⁨days⁩ ago
    The Chicago school opposes monopolies and bailouts, but they support the conditions that inevitably lead to monopolies and too-big-to-fail companies.
    
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    ryathal@sh.itjust.works ⁨3⁩ ⁨days⁩ ago
    The conditions get created by government distortion of a market. Chicago School discourages government intervention.
    
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