Skip to main content

Riddle: What happens when capitalism gets in trouble?

It calls on the family black sheep (socialism) for help! Turns out that we've all been paying lip service to the "capitalism is good and socialism is bad" world view. Capitalism is all good when we are reaping the financial windfall. But when excessive greed, lax govt oversight and an ingrained credit-based-live-above-your-means culture all combine to provide the inevitable economic bust...well then capitalism has to make way for a little socialism. God forbid we left the chips fall where they will. Instead let's reward those who have been playing Russian-roulette, those who have been buying more than they can afford (how stupid are you to think you can afford a house on minimum wage?). By default, let's punish those who have been buying only what they can afford and living within their paychecks. I guess if you are going to live irresponsibly it's good to time it right so it coincides with when the rest of the population are doing the same.

Can you imagine an American govt forcibly buying stock in publicly traded companies i.e. effectively nationalizing them? Let's just hope we do better than Mugabe did with Zimbabwean farms.

Comments

Post a Comment

Popular posts from this blog

The Teenage Years Cometh

If you're lucky, a few days after your twins are born, the hospital just let's you walk out with them. In fact, they insist you take them with you. No training, no classes, no probation...they really just let you walk out with 2 humans. #fatherhood — Tundey A. (@realtundey) November 28, 2021 This was me 12 years ago: And now look at them. In a little over 6 months, they'll be teenagers!   Every time I look at them, I am reminded of Obama's quote on being a parent:  "One of my favorite sayings about having children is it's like having your heart walking around outside your body." — @POTUS — White House Archived (@ObamaWhiteHouse) October 21, 2015
Post a Comment
Read more

Time Travel

 On November 25th , I ordered a couple of items from Bed, Bath & Beyond. It was late on Thanksgiving, I was up and decided to take a quick look at early Black Friday deals. The air fryer I had been eyeing for a few months was finally on sale. And I needed a comforter set. So why not kill 2 birds with one stone? I ordered both items for delivery (2-3 business days). Whatever, not an urgent need.  Friday afternoon, I received an email from BBB, my items have been split into 2 shipments. The first shipment is on the way. Here's the tracking number. Oh nice...I clicked on the tracking number and got this: I do not list in NJ Go ahead, click on it and take a look at the dates. According to that tracking info, the package was shipped on October 13th! Yeah, that's the reason for the title of this post. Somehow, BBB issued an already-used tracking number for my shipment. It gets worse. Both shipments were assigned different used tracking numbers. Both tracking numbers were for pac...
2 comments
Read more

The Ron Rivera Inconsistency

Ron Rivera is an interesting coach. As a man, he's very well respected in the world of football. Maybe not loved but definitely very highly respected. Everybody speaks of his integrity, his leadership, his ability to command the respect of his players and no matter how bad the seasons gets, his players never seem to throw in the towel. Even in the back end of losing seasons (which is all he has so far with the Commanders), his teams find ways to win games they have no business winning.  So why then does he confound people with his words and actions? In the last 4 years as Commanders coach, there's hardly a criticism of his stewardship of the team without a prefix of "great man". And yet, he lies...a LOT! He changes his tune every time he speaks to the press. He throws players under the bus as a matter of routine (Landon Collins, William Jackson III, Chase Young, Jamin Davis, Emanuel Forbes are stuck to the bottom of Ron Rivera's bus). And with the latest leaks tha...
Post a Comment
Read more