Re:It Feels Like the Game Is Rigged
by LatteLazy on Tuesday February 02, 2021 @08:05AM
(#26000493)
If you're that convinced that we don't need these organisations, stop using them. Defer buying a house or a car until you can pay cash, leave your pension and invest in gold, become self employed and refuse any loan or insurance.
That's my point here: the way you and I and 99% of people live day to day relies on billionaires to fund things and speculators to keep markets liquid.
This is the core cause of a lot of our issues and the ultimate reason for things like bailouts. If we didn't need speculative finance to fund house building, we wouldn't have had to bail them out. So all we have to do is start buying houses in cash and that need disappears an we can stop bailing things out.
But the dirty truth is that as much as people hate bailouts, they hate paying for things and saving and being responsible far more.
This is why (for instance) Germany, with a high savings rate and minimal consumerism has so few billionaires and didn't need to spent much bailing out banks.
That's my point here: the way you and I and 99% of people live day to day relies on billionaires to fund things and speculators to keep markets liquid.
This is the core cause of a lot of our issues and the ultimate reason for things like bailouts. If we didn't need speculative finance to fund house building, we wouldn't have had to bail them out. So all we have to do is start buying houses in cash and that need disappears an we can stop bailing things out.
But the dirty truth is that as much as people hate bailouts, they hate paying for things and saving and being responsible far more.
This is why (for instance) Germany, with a high savings rate and minimal consumerism has so few billionaires and didn't need to spent much bailing out banks.