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Cake day: June 3rd, 2023

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  • senoro@lemmy.mltoMemes@lemmy.ml~~Wall~~ Sesame street
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    1 year ago

    Except the banks payed it back. The US government profited about $15bn from the bailouts. Potentially a loss if considering inflation. Also banks were forced to take the bailouts to prevent a bank run. You would almost certainly have taken your money out of CITI bank if they were the only ones receiving a bailout from the government. Which would have cost the government more in the long term.

    Large banks like JPMorgan and Goldman Sachs had already paid back the government bailout by July 2009.


  • I like your idea, but my opinion is that people hear a lot about capitalism in the news (it feels like it has been showing up more and more in mainstream discussion), and simultaneously feel like their own quality of life has been dropping recently, equate the two and reject the faux capitalism they think is ruining their lives.

    It could very well be that capitalism is ruining their life, it could be that the governments in power do not do enough to regulate for their best interests. It could be that they don’t do enough physical activity and so they feel worse.

    I would bet that most of those polled chose socialism because it’s not capitalism (which shares a name with an idea they think they dislike) but it’s not as “extreme” as communism (because that’s the bad evil thing!!!).

    It could create potential for positive socialist change like you say, but I fear that when people don’t know what they are voting for, they won’t know if it’s being implemented effectively.