Why do they use this as an argument against capitalism when it was literally caused by SJW laws to get higher minority home ownership rates through forcing banks to lend to people who won't pay back? It's so obviously caused not just by government regulation but leftist social engineering about muh equality and racism?
Posted Mar 14, 2019, 1:03 PM UTC
The government was definitely at fault. The lack of risk caused crazy speculation
You are literally retarded.
k
Because we’re all idiots. You’ve obviously made your mind up on that and aren’t here for a constructive discussion.
Because we’re all idiots.
A confession is only appropriate, it's not surprise you're all idiots. Imagine voting for Bernie Sanders lmao.
If you’re going to take the position of being intellectually superior at least fucking proofread.
The "a" got taxed.
That’s actually pretty funny lol
The problem wasn't speculation?
Ok, SJW forced banks to like, lend money and stuff. Poor banks...
Who speculated on that debt? Who speculated on the bundles of debt? Who speculated on packages of bundles of debt? Who speculated on the speculation of that debt? Who speculated on the speculation on the speculation of that debt? Was it the SJW?
Or was it extreme commodification by literally retarded banks who lobbied the government to allow them to merge their investment and home loan branches and then placed their wealth into vapor investments?
Yes, the poor banks, indeed.
Because they’re manipulative trash
Because they do not understand Keynesian economics, the system they themselves advocate.
The very definition of a useful idiot
Implying Keynesianism is leftist
Of course it’s leftist
Paul Krugman is a leftist. Paul Krugman suggested that we replace the failed NASDAQ bubble with a housing bubble in 2002
Krugman is still a capitalist, and ergo not a leftist.
Krugman advocates for economic central planning
Krugman is a leftist
Implying that not all government control is socialist in nature
Exactly what I’m implying, because not all socialism is government control and not all government control is socialist.
Btw Propertarian is a slur against libertarians lol
Shall we start implementing non-government socialist policies by disassembling social security and medicare in the US? Is that something you socialists can get behind?
because not all socialism is government control
Charity and enlightened self-interest isn't socialism. I know people like you have problems with the voluntary-force distinction but just letting you know.
and not all government control is socialist.
Socialism is defined by social control over the means of production. All government regulation and control, especially economic, is socialist to the core.
Btw Propertarian is a slur against libertarians lol
A slur only very special people use, apparently.
Confiscatory based distribution requires authoritarian central planning
"Socialism is not when the government does things" (as they vote for more government).
I actually don’t but ok
Keynesian economics was not the cause of the financial crisis.
You don’t even understand your own ideology...
Another non-argument
Keynesian is not my “ideology” and yes, by incentivizing cheap and easy money it was the cause
Are you saying the financial crisis wouldn’t have happened without Clinton’s “SJW laws?” The financial crisis happened across the whole world. The mortgage crisis was the trigger, but without it there would still have been a crisis. There were still problems with misunderstood risk, for example.
What in God’s name are you blabbering about
Every economic expansion is coupled with malinvestment and speculation - the difference is whether it’s exasperated by central planning and how it is corrected
Simple: to them everything is capitalism and nothing is socialism. In other words they're dishonest liars and/or terrible at research and analysis.
When you totally understand the cause of the financial crisis. Big brain.
IT WAS SJW OBVIOUSLY GAHHHHHHHHHHHH
This is definitely a new take on the issue:
It's absolutely amazing.
It's such a huge mystery 🤔🤔
When you think the only reason black people are less likely to own homes is because of racism so you introduce immoral regulation and start suing and pressuring banks into loaning to people who obviously won't pay back and then create the biggest financial crisis since the Great Recession. Galaxy brain.
This has got to be a satire account.
It is one of the weirder aspects of neoliberalism (Right-Libs/"An"-Caps/"Classical" Liberals) is that it is really difficulty to satirize them. You could come up with some of the weirdest shit that sounds like something they might believe and there is a non-zero percentage of them that will unironically believe exactly that to the point of public promotion of those ideas.
At this point on Reddit, it's really difficult to tell which neoliberal accounts are actual users or socialists alts making fun of them.
I'm not a satire account. What makes you think that?
You are a satire account that got owned. Nice attempt at deflecting.