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SOCIAL JUSTICE
What Do We Do About Capitalism That Is No Longer Capitalism?
We need agitation now more than ever
Fake Capitalism
The latest bank bailout of start up speculators to stop a panic spread at banks again reminds the larger public that today’s capitalism is not capitalism at all. This is a repeat of the bailout of 2008, 2002’s dot com bubble burst, and the rescue of savings and loan banks in 1989. On top of that, there was a massive tax cut of 2017 for the corporate sector, corporate bonuses, cheap money for them to gamble with, and finally, stock buybacks (not investment in people)
I am supposed to scream — “Workers of the World” unite right here but it is futile. That might resonate in some countries but I live in America. People kind of don’t care as long as their Wi-Fi signal is strong and the coffee at their local Starbucks is hot.
Capitalism is not capitalism. Repeat: Capitalism is not capitalism. In capitalism, the whole point is you invest, take a risk, and if you lose, you’re done. An ex-NBA basketball player opened a restaurant night club in Washington D.C. years ago. It did fine for awhile and then it went out of business. I know others who had businesses for years and then one day, they were out of business.
