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A comment on SVB chief pressed Congress to weaken risk regulations. Parent comment

Re:SVB chief pressed Congress to weaken risk regulations by PinguTS on Sunday March 12, 2023 @08:54AM (#35119511)
Wrong. Socialism is about social ownership vs. private ownership.

Socialism is not about a (functioning) central regulation, like we have in many countries around the world and many countries based in Europe.

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Re:SVB chief pressed Congress to weaken risk regulations by MadSudaca on Sunday March 12, 2023 @09:02AM (#35119576)
It's the same. How you organize "the people" is irrelevant.
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Re:SVB chief pressed Congress to weaken risk regulations by PinguTS on Sunday March 12, 2023 @10:28AM (#35120429)
Nope. Lufthansa doesn't belong to the people. Siemens doesn't belong to the people. Infineon doesn't belong to the people.

Yet, even in the health care system the inssurers are private and doesn't belong to the people. It is just regulated how the system works.

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