Re:The Essex Boys: how nine traders hit a gusher with negati...
by laurent92 on Sunday December 20, 2020 @01:23AM
(#25484324)
If we lived in USSR, economy would be driven by the central planners. In capitalism, economy is driven by decisions at every level to allocate funding. Those who forecast the future best are the ones who get rich, because it allows the right companies to receive funding. Our economy wouldn’t be so big if it were organized by central planners, so I pardon those, although it does seem extreme here.
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Re:The Essex Boys: how nine traders hit a gusher with negati...
by fredguth on Sunday December 20, 2020 @05:56AM
(#25485383)
The comparison with USSR is naive. The question is not capitalism vs communism. Is the kind of capitalism we have.
We have one where when the banks and people make bad decisions and get bankrupted with valueless contracts, the government save the banks, and the corporations and let common people go bankrupt.