Totally, privatize the profits, socialize the losses. The American "capitalist" way.
Wait, I almost forget socialize the massive environmental damages, drinking water sources destroyed, harmful chemicals spread everywhere, people harmed, CO2 and other pollutants dumped into the atmosphere, and all the other damaging effects of our business we didn't pay for.
? Don't see what that has to do with this. Are you saying because Stalin and the USSR did something stupid to the aral sea in the 1940's it's fine for companies in America to cause massive environmental damages, hurt tons of people, and then keep all the profits they made over decades, declare bankruptcy, and pass the buck of the cleanup on to the American tax payers? Or make horribly risky investments, extract tons of bonuses, high executive compensation, and stock sales, then get bailed out by the US government and US taxpayers because their flimsy scheme had come crumbling down?
I wasn't trying to make an argument for communism or something if that's what you're getting at, fuck that genocidal maniac Stalin, just that private companies in America often pass on their losses to the American people while they keep all the profits. Often by hiding the costs in things like co2 emissions that we'll all collectively have to pay for later. If they want profits that's fine, but they should be held responsible for the losses too. And if American taxpayer money and public investment helped a company make profits, some of that should be returned to the taxpayers too. We need effective regulations and laws to make sure these thing happen.
Totally, privatize the profits, socialize the losses. The American "capitalist" way.
Wait, I almost forget socialize the massive environmental damages, drinking water sources destroyed, harmful chemicals spread everywhere, people harmed, CO2 and other pollutants dumped into the atmosphere, and all the other damaging effects of our business we didn't pay for.
Don't Google who dried up the Aral Sea
? Don't see what that has to do with this. Are you saying because Stalin and the USSR did something stupid to the aral sea in the 1940's it's fine for companies in America to cause massive environmental damages, hurt tons of people, and then keep all the profits they made over decades, declare bankruptcy, and pass the buck of the cleanup on to the American tax payers? Or make horribly risky investments, extract tons of bonuses, high executive compensation, and stock sales, then get bailed out by the US government and US taxpayers because their flimsy scheme had come crumbling down?
I wasn't trying to make an argument for communism or something if that's what you're getting at, fuck that genocidal maniac Stalin, just that private companies in America often pass on their losses to the American people while they keep all the profits. Often by hiding the costs in things like co2 emissions that we'll all collectively have to pay for later. If they want profits that's fine, but they should be held responsible for the losses too. And if American taxpayer money and public investment helped a company make profits, some of that should be returned to the taxpayers too. We need effective regulations and laws to make sure these thing happen.