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Nemo_bis
54 days ago
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U.S. government takes 10% stake in Intel
The whole point of equity is that it can go to zero. Profit sharing means that the government had an upside (if Intel became profitable) and no downside. Now, if Intel loses money or goes bankrupt, 10 % of those losses automatically get socialised.
parineum
53 days ago
[–]
Great explanation of the socialism for losses, which was already happening and is the normal bailout routine.
Now explain how "Capitalism for profits" applies.
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