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Re:Private equity: A fee too far [pdf] by boppo1 on Friday August 11, 2023 @09:06AM (#37088250)
>you are „too big to fail“ for capitalism

Isn't market intervention more like corporate socialism though? I mean that's literally not capitalism.

Re:Private equity: A fee too far [pdf] by ceejayoz on Friday August 11, 2023 @09:19AM (#37088377)
If the market intervention is driven by and for the benefit of the people, you might call it socialism.

"Too big to fail" is crony capitalism.

Re:Private equity: A fee too far [pdf] by RoseRose on Friday August 11, 2023 @10:55AM (#37089383)
> Isn't market intervention more like corporate socialism though? I mean that's literally not capitalism.

I mean I'd argue the "too big to fail bailots" are a particularly ineffective bit of market intervention in the long term, but generally speaking "market intervention to save the health of the economy" is bog-standard neoliberal, capitalist ideology. The only whiff of socialism comes from recognizing that without guardrails the fully freed economy will destabilize, possibly from angry with pitchforks, angry they can't afford food, shelter, and the basics. So—it is still serving the ultimate needs of the capitalists who run society by not ousting them when they do destabilizing things.

Plus, if this weren't capitalism, no society in history would have been capitalist making it a bit of a useless word for sticking to extant political movements.

Re:Private equity: A fee too far [pdf] by dfxm12 on Friday August 11, 2023 @11:06AM (#37089533)
"Corporate socialism" is the privatization of the profits and socializing the risks. Who owns the banks that were bailed out by the US government in 08? hint: they weren't nationalized; they're still private. Capitalism comes in many forms. If market intervention enforces private ownership of capital, it is still a feature of Captialism.
Re:Private equity: A fee too far [pdf] by Phiwise_ on Friday August 11, 2023 @11:38AM (#37089922)
Didn't think I'd run into the Department of Housing and Urban Development on HN today. Call me crazy, but I'm not sure they're the best party to be asking for capitalist definitions in this dispute.
Re:Private equity: A fee too far [pdf] by Guvante on Friday August 11, 2023 @01:42PM (#37091520)
So when capitalism fails to provide a solution to problems it creates isn't capitalism that fixes it so capitalism isn't to blame anymore?
Re:Private equity: A fee too far [pdf] by DarkNova6 on Friday August 11, 2023 @03:46PM (#37093115)
For everybody who truly thinks in "socialism" and "free market" got scammed.

This is not about a question of ideology. It's about the wealthy being protected and fostered, by any narrative necessary. On sunny days, it's liberalism, on rainy days it's socialism.

Re:Private equity: A fee too far [pdf] by Blueskytech on Friday August 11, 2023 @11:36PM (#37096778)
Thanks for explaining something in a simple way that gets to the root of the problem. Arguing about semantics is so common.