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A comment on Corporate Socialism: The Government Is Bailing Out Investors and Not You. Parent comment

Re:Corporate Socialism: The Government Is Bailing Out Invest... by mirimir on Thursday March 26, 2020 @01:54AM (#22691014)
It's just a continuation of the trickle-down approach that's been concentrating wealth in the US for the past four decades.

The US was founded in large part as a revolt against British crown corporations. And until the mid 1800s, only public-interest corporations were allowed. But once the railroads had bought enough of the government, corporations got human rights, and the US was managed for their benefit.

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Re:Corporate Socialism: The Government Is Bailing Out Invest... by NovemberWhiskey on Thursday March 26, 2020 @10:12AM (#22693723)
Almost half of all Americans in the workforce are employed by small businesses. The false dichotomy between the interests of the individual worker and the massive, faceless corporation on the other hand is not tremendously helpful in this context.
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Re:Corporate Socialism: The Government Is Bailing Out Invest... by mirimir on Friday March 27, 2020 @12:00AM (#22700340)
I have nothing against small businesses, even if they're incorporated. I was a small business, in one of my careers. What I find disgusting is bailing out the wealthy, while barely helping the working class.
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Re:Corporate Socialism: The Government Is Bailing Out Invest... by readme on Thursday March 26, 2020 @01:34PM (#22695908)
The stimulus package includes guaranteed loans for small businesses.
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Re:Corporate Socialism: The Government Is Bailing Out Invest... by specialist on Thursday March 26, 2020 @11:20AM (#22694398)
How many small business owners are doing stock buybacks?
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Re:Corporate Socialism: The Government Is Bailing Out Invest... by readme on Thursday March 26, 2020 @01:35PM (#22695917)
I don't think anyone taking the money will be doing any stock buybacks
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Re:Corporate Socialism: The Government Is Bailing Out Invest... by specialist on Thursday March 26, 2020 @11:18AM (#22694373)
I don't know how financialization fits with respect to trick down economics. Particularly consumer financialization. They both seem to accelerate winner-takes-all processes.

I just (re)learned, via Against The Rules podcast, that repealing prohibitions against usury debt was an important deflection point. Here's an apparently good writeup about South Dakota, Citibank, and credit cards:

https://www.pbs.org/wgbh/pages/frontline/shows/credit/more/r...

https://atrpodcast.com

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