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Socializing losses is what enables high risk high reward businesses. Without it, the US wouldn't be half the innovative country it is now.
by jsutton 4y ago
Socializing losses is what enables high risk high reward businesses. Without it, the US wouldn't be half the innovative country it is now.
- kennywinker 4y agoWhen people complain about privatized profits and socialized losses, usually the part they’re upset about is the privatized profits
- deleted 4y ago[deleted]
- drewcoo 4y agocitation needed
- kennywinker 4y ago[dead]
- inpdx 4y agoIt's not high risk by that definition.
- swatcoder 4y agoIf you just keep amplifying volatility by throwing more money onto the table, you will eventually see a bust that sees you leave the casino for a life on the streets. It can look like ratcheting for a while when you've collected a few of big wins, but eventually one of your busts will be so big that it wipes you out entirely. That wouldn't be so great for that country you're talking about.