Bluesky

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Bluesky Social is a microblogging social platform being developed in conjunction with the decentralized AT Protocol. Previously invite-only, the flagship Beta app went public in February 2024. All are welcome!

founded 11 months ago

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TheArstaInventor@lemmy.world

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The rich will not like that she said this (lemmy.world)

submitted 1 day ago by Sunflier@lemmy.world to c/peoplebluesky@lemmy.world

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[–] U7826391786239@lemmy.zip 1 points 1 day ago

thanks for the reminder to dump my nvidia while i'm still green on it

[+] Ilovethebomb@sh.itjust.works -17 points 1 day ago (8 children)

Historically, a bailout by the US government has effectively been them buying shares in the company at bargain basement prices, and the government has actually made a tidy profit a few years later on many of them.

It's one of the few things they do where there isn't much of a downside.

[–] forrgott@lemmy.zip 6 points 1 day ago* (last edited 1 day ago) (1 children)

There's no upside to propping up such a destructive and exploitative system, though.

¯\_(ツ)_/¯

[–] arrow74@lemmy.zip 1 points 1 day ago

Well yes and no.

If the government wanted to redo the system entirely then that's great. Let the corps fail.

Unfortunately they are not looking to actually redo the system in any meaningful way. So letting many of these companies fail would cascade through the economy. Best result a difficult period and the market corrects. Wealth is slightly spread around. Worse case scenario people start starving (maybe revolution after that tho?)

We as regular people are put in a fucked position. Our leaders won't change the system, but if the system fails we starve. Unless we break the system ourselves, but then many of us get shot. But I guess that's usually how it goes

[–] AbsolutelyNotAVelociraptor@sh.itjust.works 4 points 1 day ago* (last edited 1 day ago) (1 children)

In how many of those bailouts the president was Mango Hitler in his current state of mind?

[–] Ilovethebomb@sh.itjust.works 2 points 1 day ago

That is a valid point.

[–] LodeMike@lemmy.today 2 points 1 day ago

Bet

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