Because its those who call for the goverment for a bailout, because otherwise it will hurt the general public -> many failing business -> increasing unemployment

I believe the parent comment was talking more on the actualities during implementation vs. theoretical.

Turns out, greed is a powerful driver; and, humans are fully capable of self-serving mental gymnastics.

Most implementations of capitalism isn't USA though, there are plenty of successful examples in the world today that doesn't have these problems.

>> How is socializing losses a part of capitalism?

Not textbook capitalism, the fake kind we have. The one where businesses clammor for "free markets" and no regulation, but only when it suits them.

Aka crony capitalism, aka socialism with some free market features.

I don't understand how that's socialism?

A capitalist will always support whatever is best for them. That means amongst other things:

- privatizing gains, socializing losses - free markets/competition while they are poor, monopolies once they are on top

As a good capitalist you would aim to dismantle the very things that enabled your rise to power.

There’s capitalism in the textbook and capitalism as practiced by capitalists. Free markets are a great idea and all, but I’ve never met a capitalist who actually supported free markets.

The natural state of capitalism trends toward monopolies, regulatory capture, cronyism, price fixing, wage theft, information asymmetry, and bailouts.

>Supposedly free markets is a part of capitalism

No. Those are two different things.

Sure, I haven't said otherwise. But if you imagine a capitalistic system, isn't free markets a part of it? And what other economic systems than capitalism do you imagine having free markets? Hence the "is a part of" part of my comment.

>But if you imagine a capitalistic system, isn't free markets a part of it?

See: 1930-1960 Japan, South Korea, 1980-2023 China.