Quote from: davis196 on August 27, 2020, 06:50:05 AM

Quote from: StonksStonksStonks on August 25, 2020, 04:35:59 PM

1989 - savings and loans bailout
2008 - banks bailout
2020 - covid19 bailout aka wall street bailout

bailouts get bigger every time. But will they become more frequent?? Do we need more bailouts to bailout the aftermath of the previous bailouts?

When the economy is growing the companies are whining about government regulations and taxes.
When the economy is in a recession/depression all the companies want the government to save them.
That's the hypocrisy of capitalism right there.
After several decades,the US economy will reach a point,where the companies will not be able to exist without constant bailouts.
This will be a government controlled economy,pretty similar to the communist centralized plan economy.

Lol, that's not "capitalism". In a capitalist system, bad companies that haven't planned for adverse situations are allowed to go bankrupt. Bailouts are anti-capitalist. What you're actually describing is just greed, and it doesn't exist solely in capitalism. Greed is human nature, and no matter what economic system you have, greed is the motivating factor for it. That's why in even "socialist" economic systems, wealth concentrates at the top. The rulers of those systems are motivated by greed.