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Major American Industries Are Quasi-Nationalized, Why Not Go All the Way?
Time and time again, the government has come to the rescue of giant companies and major industries, all the meanwhile pretending it doesn’t have the money and can’t do anything when it comes to the working-class.
It is absolutely deplorable that within mere hours of the collapse of yet another bank (Silicon Valley Bank, or SVB), the US government has snapped into action to bail out some of the wealthiest Americans and companies who put their money in a financial institution that was exposed to so much risk. Meanwhile, the same government sits idly by when droves of people go bankrupt due to medical bills (the cause of two-thirds of all bankruptcies), when they cannot afford housing and have to live on the streets, when children go hungry because their families struggle to afford food, when tens of millions of Americans work multiple jobs and still struggle to survive in the richest country to ever exist.
Time and time again, the government has come to the rescue of giant companies and major industries, all the meanwhile pretending it doesn’t have the money and can’t do anything when it comes to the working-class. These companies and their shareholders…
