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bailouts don't "save the markets", what they do is saving state-friendly companies from the market.

at best these companies should be cooperatized, and put in ownership of their workers and customers. perhaps this could make them productive. otherwhise they just deserve bankruptcy. what they don't derserve is to further externalitze their costs to the rest of us.

if the intention behind the bailouts would be to help poor people with their wage dependency, they would be an UBI instead. but it is about helping rich people with unproductive businesses.

Reposted fromsofias sofias viawonko wonko
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