When businesses are ran poorly, they fail. They can file bankruptcy and restructure or they can pay all debts and close the doors. Many people who close shop lost everything this last year. Their house, cars, and savings. Some people will rebuild bigger and better than before.
Right now thousands of small businesses have closed their doors permanently. The government didn't help. They argued for 10 months and then sent money overseas.
The government did help banks in 2008. Those banks should have been allowed to fail and restructure. The only thing we got out of the bank bailouts was more regulations and more debt.
What is happening in the stock market is the same. These hedge funds who can't cover their margins, need to fail. The billionaires who have short sold businesses into despair for the sole purpose of making money had the tables turned this week. Government and big tech rushed in to save their billionaire friends. If we let them fail like they should, people in DC will see a lot less money in campaign donations.
This is one strange topic that has brought a lot of people together. Let the lobbyist fall, let the hedge funds fall, and let a real free market work. The fact that the SEC stepped in at all is wrong.
People need to be held accountable for their actions. All people.
Once again the government is picking winners and losers. They have been for decades. The difference is for now, we can see all this on social media. In real time. We didn't really have that in 2008 like we do now.
Social media has been interfering in people's lives since day one. They interfere in businesses and now even elections.
This is all happening while our government took less than a week to write articles of impeachment. Yet say it's too complicated to pass single bill legislation.
It's time the government stops hiding behind fences and face the truth. The monsters they have created to protect their way of life, are about to devour them and we will watch it all on livestream.
"As long as politics is the shadow of big business, the attenuation of the shadow will not change the substance." - John Dewey
Comments
Post a Comment