General Discussion

Kid Berwyn

(20,408 posts)

1. Socialized Capitlism

Tue Apr 29, 2025, 04:40 PM

Apr 29

Taxpayers take on the risks.

Wealthy take on the profits.

When the spaghetti hits the fan, the taxpayers bail out the wealthy and make certain they get the bonuses to which they are, by birth zip code, entitled.

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Highlight:

It starts with a closing store. [View all] AStern Apr 29 OP

Socialized Capitlism Kid Berwyn Apr 29 #1

Excellent article. Thanks for posting. I gave a talk about this to me senior group. They SharonAnn Apr 29 #2

I love Hooters and nothing to do with the girls. I really like their wings, eat there about once a week. Expensive. OverBurn Apr 29 #3

I had a birthday lunch there Skittles Apr 29 #22

We used to have nice things in the United States. Initech Apr 29 #4

Does America need a Vladimir Lenin style Dan Apr 29 #5

That turned out badly for the common people of Russia. Mister Ed Apr 29 #8

Meet the new boss, same as the old boss /nt localroger Apr 30 #52

No TheProle Apr 29 #15

Both Lenin and the Trump coalition are politically authoritarian. markodochartaigh Apr 29 #18

I believe this is called "pump and dump" Fil1957 Apr 29 #6

Regan and Bush 1. IbogaProject Apr 29 #7

I seem to have read DENVERPOPS Apr 29 #9

It isn't Capitalism vs Socialism MadameButterfly Apr 30 #29

When corporations become government louis-t Apr 30 #39

JoAnne's declared bankruptcy before being sold to a private equity firm. MichMan Apr 29 #10

Just remember, the goal of private equity isn't to save the company. louis-t Apr 30 #34

Isn't profit the goal of every business ? MichMan Apr 30 #36

Entrepreneurs grow companies. Vulture capitalists (private equity) suck them dry, which they have to do in private. Bernardo de La Paz Apr 30 #37

What happens when those entrepreneurs fail? MichMan Apr 30 #40

I was commenting on the general claim that included vulture private equity capitalists in "seeking profit" Bernardo de La Paz Apr 30 #45

A couple of points about Joann. louis-t Apr 30 #46

I didn't say the goal shouldn't be profit. louis-t Apr 30 #38

What is the proposed solution for failing companies if they are prohibited from selling them? MichMan Apr 30 #41

Actually, publicly-owned companies have a better success rate. louis-t Apr 30 #44

I never knew they got public financing of the debt. I always thought it was banks taking the risk MichMan Apr 30 #47

It's banks, bank syndicates and private investors. louis-t Apr 30 #49

you sure like defending cybertrucks and vulture capitalists Skittles Apr 30 #51

"Capitalism has made it this way..." ZDU Apr 29 #11

Excellent. Also Coos County resident. NT Wah_Guy Apr 29 #12

And most people don't have a clue how it all works TexasBushwhacker Apr 29 #13

Bain! Literally the Bain of our existence. calimary Apr 29 #26

Been to a mall lately? BidenRocks Apr 29 #14

Get in the wayback machine Earl_from_PA Apr 29 #25

I'm retired and old. I have a couple of pairs of shoes with easy slip on, from LL Bean and they've been worn by me for CTyankee Apr 29 #27

This can be a positive thing Sucha NastyWoman Apr 29 #16

BlackRock, Vanguard, and State Street hold significant ownership stakes in many media companies. sop Apr 29 #17

Worse: hasn't Blackrock been involved in scooping up huge numbers of homes for sale, taking them off wiggs Apr 29 #19

Yes, and they aren't the only ones. It is a major reason louis-t Apr 30 #35

Agree. Terrible, terrible trend. Most of the US will be renters eventually. Except the top 10%. nt wiggs Apr 30 #53

Big Lots filed bankruptcy too. Emile Apr 29 #20

powerful Demovictory9 Apr 29 #21

A Nit To Pick ProfessorGAC Apr 29 #23

This is a rather depressing post. WestMichRad Apr 29 #24

If my retirement account is funding this... dickthegrouch Apr 29 #28

The Mitt Romney playbook. Vulture Capitalism. Scalded Nun Apr 30 #30

As a Professional Seamstress, I am saddened by the closing of JoAnn Fabrics. ProudMNDemocrat Apr 30 #31

Joann's has been in trouble for years, decades, even. Poor management, stores kept half-empty, employees of the devil... mucholderthandirt Apr 30 #32

The home sewing industry DENVERPOPS Apr 30 #42

Link without FB? Starbeach Apr 30 #33

marygeddry.substack.com AStern Apr 30 #43

Joanns should have done store renovations JI7 Apr 30 #48

Its a problem when they can make money quakerboy Apr 30 #50