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1. Embed this notice
   Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Tuesday, 29-Aug-2023 23:49:43 JST Adam F. Lawton

   Seems like banks fail a lot. A lot.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Tuesday, 29-Aug-2023 23:49:30 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     Capitalism isn't the problem here. We should stop calling a broken system "capitalism" when it allows monopolies, allows these TBBF entities to exist which threaten the stability of the entire economy, and fights against regulatory enforcement. Those all need to be swiftly addressed for "capitalism" to be healthy.
   • Embed this notice
     Jeremy Wakeman (wakejagr@hachyderm.io)'s status on Tuesday, 29-Aug-2023 23:49:41 JST Jeremy Wakeman

     in reply to

     • anubis2814

     @anubis2814 @Adam_Cadmon1

     Too big to fail is too big. Once any commercial entity is too big to fail, it should be broken up into smaller chunks.

     Or, we could move to an alternative to capitalism. Just sayin' . . .

   • Embed this notice
     anubis2814 (anubis2814@friendica.myportal.social)'s status on Tuesday, 29-Aug-2023 23:49:42 JST anubis2814

     in reply to
     @Adam_Cadmon1 Why the "too big to fail" banks are so devastating. They fail just as much, we just have to constantly bail them out when they do.
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:04:18 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     > Mostly because anything that can be classed as advantageous for the minority and detrimental to the majority, in terms of economics, IS capitalism.
     
     No, it's not. Capitalism should promote diversity, competition, and fairness. That also includes continuously improving industries and driving the costs down farther and farther as the industry grows and matures. This raises the wealth of EVERYONE and increases their buying power.
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:04:19 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr nah, capitalism is the problem. Mostly because anything that can be classed as advantageous for the minority and detrimental to the majority, in terms of economics, IS capitalism. Jumping through hoops to be pedantic doesn't change the problem nor does it address it.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:08:57 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     Communism has never been implemented perfectly.
     
     Socialism has never been implemented perfectly.
     
     Their results have been disastrous.
     
     Do you think pivoting to these will somehow prevent evil people from usurping power? Laughable.
     
     We need a balance between a regulated capitalist market and a well implemented social safety net to catch what falls through the cracks because no single system is perfect. We need a hybrid approach because the real world is messy.
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:08:58 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr

     "should"

     has it ever?

     Does it now?

     The problem is capitalism whenever your wishful thinking comes to its conclusion.

   • Embed this notice
     florida_ted (florida_ted@friendica.myportal.social)'s status on Wednesday, 30-Aug-2023 00:12:06 JST florida_ted

     in reply to

     @Adam_Cadmon1 “If you owe the bank a thousand dollars, and you can’t pay, you’re in trouble. If you owe the bank a billion dollars, and you can’t pay, the bank’s in trouble.”

     Or is it the tax-payers who are in trouble?

     feld likes this.
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:15:01 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     > Since you've got the answers, run for office and put this sinking ship on the right course.
     
     The root of the problem isn't in currently in political office, but in a private entity that cosplays as a public one called The Federal Reserve. We fix the money first and the rest of the problems become approachable.
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:15:02 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr did I say that? You assume a helluva lot. Ok. Since you've got the answers, run for office and put this sinking ship on the right course. All I said was that capitalism is the underlying cause of most of the world's problems right now. We can do better.

   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:18:29 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr so apply for Fed chair. Put up.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:18:29 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     It's not an elected position...
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:24:31 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     There is nowhere to "apply". Do you not know how this works? The President selects, the Senate confirms, and then the board of governors have to confirm.
     
     We need to elect representatives to pass legislation to amend the Federal Reserve Act which includes changing their charter to fix this mess.
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:24:32 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr

     didn't I say "apply"?

     I did say apply. Hahahaha

   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:32:00 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr hahaha, like I said, you've got all of the answers. I don't understand how you're not already working within the capitalist framework you so desire to salvage. Get to work. The ship is sinking.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:32:00 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     What's your suggestion? Another January 6th but this time it's an army of socialists? LMAO
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:35:40 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr I don't suggest anything other than that you seem to know the ACTUAL (in your mind) problem and ACTUAL (in your mind) solution. Since you know what's wrong and how to fix it, get to work doing something besides running your mouth.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:35:40 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     I *am* active. I've been a poll worker, I've registered voters. What do you do to participate in our running democracy?
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Wednesday, 30-Aug-2023 00:39:25 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     We can agree to disagree, and that's OK. ✌️and have a good day.
   • Embed this notice
     Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Wednesday, 30-Aug-2023 00:39:26 JST Adam F. Lawton

     in reply to

     • feld
     • anubis2814
     • Jeremy Wakeman

     @feld @anubis2814 @wakejagr enough. More than defending a broken capitalist dream, that's for sure. Have a good one.