I was thinking about the crazy financial products that crashed the real estate market in 2007/8. I don’t think a communist would’ve come up with that shit. I kinda know this because I was a communist then (as I am now) and I could plainly see that it was bad news.
I wouldn’t be surprised if the people who came up with it also knew it would be bad news, but also that it would be good for them individually.
Like the way those securities worked, nobody was gonna be caught out individually. The only way they go wrong is if the market takes a bad turn and then you’d have a horrible domino effect that takes it from bad to worse, but at that point your golden parachute activates and everyone gets bailouts. Kind of brilliant, in a fucked up way.
Innovation is when you charge $300 for a vial of insulin
oh when did they drop the price?
I was thinking about the crazy financial products that crashed the real estate market in 2007/8. I don’t think a communist would’ve come up with that shit. I kinda know this because I was a communist then (as I am now) and I could plainly see that it was bad news.
I wouldn’t be surprised if the people who came up with it also knew it would be bad news, but also that it would be good for them individually.
Like the way those securities worked, nobody was gonna be caught out individually. The only way they go wrong is if the market takes a bad turn and then you’d have a horrible domino effect that takes it from bad to worse, but at that point your golden parachute activates and everyone gets bailouts. Kind of brilliant, in a fucked up way.
something something democracy of free market and other buzzwords