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by erulabs
22 days ago
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> This is the kind of thinking that has resulted in an economy where losses are socialized and gains are privatized Socializing losses is definitionally a byproduct of government action, not of a private business. > There is strategic business value in managing your company in a way that doesn't contribute to the collapse of the middle class. I genuinely don't know what this means, and I'm not trying to be snarky. People, and Americans in particular, are considerably more wealthy today than they were in some imagined golden age of the middle class. If you want to keep your capital in a bank that is out for some imagined social restructuring, by all means go ahead, but I do not think a compelling banking product that will make. |
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