Eddie McDaid
Jul 10, 2017 · 1 min read

The fundamental principle of capitalism is, however, when the market determines you fail, then you fail. And this is what occurred with rampant free market neoliberalism that encouraged unsustainable leverage. Capitalism without the actual capital, if you like.

But armed with the foreknowledge that the public purse (socialism, provided through central govt) will ‘bailout’ any risk, the market is rigged. The largest transfer of criminally accumulated private debt to the public sphere, undoubtedly enabled by a kleptocratic government. Corrupt socialism for the rich, and hard-nosed capitalism for everyone else.

Eddie McDaid

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Rambles mainly about politics and philosophy on chocolate.