this post was submitted on 13 Jul 2023
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It's just socialism for companies
not rly, it's capitalism working as intended
I guess I forgot the /s What I meant was capitalist socialism
It's imperialism to be precise, the highest stage of capitalism which see the merging of monopolies and state power, resulting in things like widespread corruption (lobbying), state waging wars in the interest of big capital, policies being subordinate to the stonks line and of course bailing out corpos which are "too big to fail".
In a nutshell, it's just natural development of capitalism.
I guess you could say it's "corporate welfare" but the word "socialism" is not correct and shouldn't be used here.
You can kind of see it that way... the rich get corporate, state-engineered socialism while the non-rich gets brutal "free market" capitalism.