In America, if we pride ourselves with being a “free market capitalism” there should be a law against government bailing out large corporations- especially banks and other financial institutions- that go belly up due to taking unreasonable investment risks with depositors’ deposits under the ridiculous “too big to fail” doctrine.
In free market capitalism, corporations simply cannot be allowed to capitalize on their gains when risk leverage is on their side and socialize their losses by smearing them on the taxpayers when the same risk leverage turns against them.
If we are going to talk about any degree of social justice, I know nothing that is more unjust.
In America, if we pride ourselves with being a “free market capitalism” there should be a law against government bailing out large corporations- especially banks and other financial institutions- that go belly up due to taking unreasonable investment risks with depositors’ deposits under the ridiculous “too big to fail” doctrine.
In free market capitalism, corporations simply cannot be allowed to capitalize on their gains when risk leverage is on their side and socialize their losses by smearing them on the taxpayers when the same risk leverage turns against them.
If we are going to talk about any degree of social justice, I know nothing that is more unjust.
/s/ Emre Serbest