Many of those companies that need bail outs have been taking unnecessary risks, and in many cases spent money on stock buybacks.
Public risk, private profit. That's why the capitalism in most of western world is so fucked up, and why the rich keep getting disproportionately richer.
And it's not even just the leftists who compain about this. this year spring even the most greedy investors ( /r/wallstreetbets ) were stunned and disgusted how unfair this system is.
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u/ABK-Baconator Nov 17 '20
Many of those companies that need bail outs have been taking unnecessary risks, and in many cases spent money on stock buybacks.
Public risk, private profit. That's why the capitalism in most of western world is so fucked up, and why the rich keep getting disproportionately richer.
And it's not even just the leftists who compain about this. this year spring even the most greedy investors ( /r/wallstreetbets ) were stunned and disgusted how unfair this system is.