And we wonder why people are turning to marxism. If the "people" are being forced to bail out a bunch of rich people who create self serving incestuous relations between their companies to game the system and bend and break laws when it suits them, why not just have the "people" own everything ?
As a capitalist, I am appalled by the behavior of the VC industry and the government that enables them.
And, yes, it is a bailout. There may not be any taxpayer money front and center, but this will be paid by the average person in some way, and not by the people who created this fiasco, or those who are going to benefit from it.
As a capitalist, I am appalled by the behavior of the VC industry and the government that enables them.
And, yes, it is a bailout. There may not be any taxpayer money front and center, but this will be paid by the average person in some way, and not by the people who created this fiasco, or those who are going to benefit from it.