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moomin 2 hours ago

True Capitalism looks a lot more like socialism than many would like to admit.

dragontamer 2 hours ago | parent | next [-]

> The directors with of such [joint-stock] companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own

Adam Smith, the Wealth of Nations

The_Blade 2 hours ago | parent | prev [-]

reap the profits, socialize the losses

SaltyBackendGuy 2 hours ago | parent [-]

That's crony capitalism again