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Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by rektide on Friday July 02, 2021 @10:55AM (#27712329)
I re-watched Adam Curtis's All Watched Over By Machines of Loving Grace documentary again recently. It was a strong reminder that the global financier class has never, ever, ever allowed their investments to fail. The IMF or others have stepped in country after country, time after time, the whole world monetary order has been about putting countries deeply into debt to bail out very large investors when their investments when things start to go wrong. Financial stability has always meant saddling the people of a nation with the responsibility to keep the very wealthy in good positions.

The first example is of the Asian Financial Crisis, and the documentary goes on to show how the 2007 US Financial Crisis showed the same playbook in action, of incredibly poorly planned monetary investments going awry & all effort being given to shield the financiers who made these bad decisions from harm.

So, like... yeah. We have made investing in markets have no penalty, for some. Deciding to invest in the welfare & improvement of our nation seems only logical, like only a modicum of parity, given the radical ways the world has continued to spend money to protect the vast fortunes of the giant investor class.

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