Everyone’s correctly bringing up slavery and colonialism, but I wanna throw one more fuck you onto this pile, bailouts. Fair competition is when it’s against the rules for some competitors to lose.
Well, they do love it, but they would do it anyway. It’s like Matt said on a recent episode, even at the heights of power, you really don’t have a lot of decision making power, everything is compelled by competition and momentum. Capitalism is a fuck.
Fuck but is that not true. My brother's in the process of buying a home with his fiancee. The bank basically owns the place until it is payed out in full, and real estate is an appreciating asset. No risk for them. They charge interest, which we're told is to make up for investment risk or whatever, so they're covered twice over. Oh, but that is not enough -- they've made them take out a life insurance, so that if something should happen to them the bank will be covered and not lose out on the investment.
Everyone’s correctly bringing up slavery and colonialism, but I wanna throw one more fuck you onto this pile, bailouts. Fair competition is when it’s against the rules for some competitors to lose.
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It’s actually one of the only areas where capitalism does encourage innovation, innovation in methods to offload risk.
Companies love to push risk down to the worker, or even better use contract labor to avoid almost all liability and risk to the company itself
Well, they do love it, but they would do it anyway. It’s like Matt said on a recent episode, even at the heights of power, you really don’t have a lot of decision making power, everything is compelled by competition and momentum. Capitalism is a fuck.
Fuck but is that not true. My brother's in the process of buying a home with his fiancee. The bank basically owns the place until it is payed out in full, and real estate is an appreciating asset. No risk for them. They charge interest, which we're told is to make up for investment risk or whatever, so they're covered twice over. Oh, but that is not enough -- they've made them take out a life insurance, so that if something should happen to them the bank will be covered and not lose out on the investment.
burn it all down