this post was submitted on 12 Mar 2024
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the_dunk_tank

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It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

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"The horrors of rich people not getting bailed out"

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[–] SkingradGuard@hexbear.net 89 points 1 year ago (1 children)

The capitalist West: "The free market allows businesses to fail, government intervention bad"

Also the neoliberals: "China not bailing out real estate corporations is evil 1984 commie totalitarianism"

A very serious ideology.

[–] Tunnelvision@hexbear.net 20 points 1 year ago (3 children)

Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.

[–] TreadOnMe@hexbear.net 18 points 1 year ago (2 children)

We literally did it again in 2020, idk what you are talking about about. What do you think 'quantitative easing' is?

[–] Tunnelvision@hexbear.net 14 points 1 year ago

I mean what exactly do you think a dictatorship of the borgschwazzee is?

[–] Adkml@hexbear.net 9 points 1 year ago

If there was any hope for this country burning down businesses that got PPP loans forgiven would have been a nationwide meme.

[–] GrouchyGrouse@hexbear.net 11 points 1 year ago

I saw Jamie Dimon's name in a headline the other day that wasn't about a jail sentence or an obituary. It's incredible his name still has purchase in the world of economics.

[–] Adkml@hexbear.net 8 points 1 year ago

"But they paid back those loans with interest" - my mother

Yea turns out when instead of punishing a company for taking everybody's money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.

[–] Dirt_Owl@hexbear.net 69 points 1 year ago (2 children)

Isn't that what capitalists say should happen under capitalism? A CEOs take a risk and suffer if it doesn't pay off?

[–] JohnBrownNote@hexbear.net 37 points 1 year ago

yeah but then they also do 2008

[–] SacredExcrement@hexbear.net 32 points 1 year ago

Well yeah but not for THEM silly, for other executives and firms that screw up

They just made an oopsie

[–] Tunnelvision@hexbear.net 65 points 1 year ago (2 children)

Communists will see property developers being punished for going against the interests of the masses and think “hell yeah”

[–] comrade_pibb@hexbear.net 37 points 1 year ago
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[–] wombat@hexbear.net 56 points 1 year ago (1 children)

the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

[–] riseuppikmin@hexbear.net 25 points 1 year ago

Typing this should be one of the requirements for account sign-up.

[–] Demoncracy@lemmygrad.ml 52 points 1 year ago

I love China so much. Fuck the rich. care

[–] Mokey@hexbear.net 52 points 1 year ago* (last edited 1 year ago) (1 children)

China is so cool, im looking into the barrel of a dying planet and a government that does not care about me and even if china is somehow ebil ccp 1984 winnie pooh corruption atleast they did things that i genuinely wish we could do even a fraction here

Oh no a corrupt government smacked the shit out of the same capitalists that ruined my life here in the states

[–] Wakmrow@hexbear.net 11 points 1 year ago (2 children)

Yeah I'm not like on the China good train at all. But like, every time I point at China doing something good and people here in the US start frothing at the mouth and I'm like affordable housing is good? It's good. You complain about the cost of housing in the US constantly.

[–] Mokey@hexbear.net 31 points 1 year ago

China is good

[–] corgiwithalaptop@hexbear.net 24 points 1 year ago (2 children)
[–] MayoPete@hexbear.net 27 points 1 year ago (1 children)

They could be even more based?

[–] corgiwithalaptop@hexbear.net 23 points 1 year ago

Got me there

[–] Wakmrow@hexbear.net 12 points 1 year ago

I don't have a strong opinion on China. I don't know a lot about the politics and I don't trust Western media to report accurately about it.

[–] LeZero@hexbear.net 49 points 1 year ago (1 children)
[–] Mokey@hexbear.net 8 points 1 year ago* (last edited 1 year ago) (1 children)

Can anyone tell me the reference to this emoji?

[–] Babs@hexbear.net 10 points 1 year ago (1 children)

She was helping MINORS to get HRT!!

(Anti-communist trans youtuber Keffals used to sponsor a website giving information about DIY HRT. It was the most based thing she has ever done.)

[–] SummerIsTooWarm@hexbear.net 45 points 1 year ago (3 children)

Do they really belive that it would be good to give property developers a bailout?

[–] DefinitelyNotAPhone@hexbear.net 38 points 1 year ago (1 children)

It's CNBC, a news channel by finance bros for finance bros.

The mere concept that rich people should not be coddled in literally every way imaginable is like hell to them.

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[–] Adkml@hexbear.net 11 points 1 year ago (1 children)

Oh were gonna spend billions of dollars bailing out all the people who thought it was a good investment to buy a bunch of rental properties and charge people more for rent than they make in a month.

Rent can't keep going up 20% every year for too long before something breaks.

[–] SummerIsTooWarm@hexbear.net 7 points 1 year ago

It's really easy, renters can just make more money to pay rent. I don't see any problems with that. smuglord

[–] RedQuestionAsker2@hexbear.net 43 points 1 year ago (1 children)

China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.

Really hoping this is an opportunity for crackdown and the government takes it.

[–] Flyberius@hexbear.net 16 points 1 year ago (1 children)

I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.

[–] DamarcusArt@lemmygrad.ml 6 points 1 year ago

One of the reasons I would love to move there. I can't imagine ever being able to afford my own home here, but over there I actually could, and even if I couldn't, the rent would be far cheaper.

[–] FuckyWucky@hexbear.net 42 points 1 year ago
[–] sharkfucker420@lemmy.ml 36 points 1 year ago
[–] Evilphd666@hexbear.net 32 points 1 year ago (2 children)

So I guess we're going to see what happens when a country learns from others past mistakes obama-socialism

[–] Adkml@hexbear.net 9 points 1 year ago (1 children)

China is cheating because they're playing the game on easy mode by being able to watch America enthusiastically shoot itself in the face over and over again to learn what not to do in a modern economy.

[–] RyanGosling@hexbear.net 6 points 1 year ago

It’s funny because the US can also watch and learn from China as they lay out their agenda very clearly and publicly with deadlines and timetables.

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[–] allthetimesivedied@hexbear.net 25 points 1 year ago

I’m not a drug addict spiraling into nothingness—I’m winning my battle against sobriety, and the futility of entropy (I just thought the second thing sounded cool).

[–] Adkml@hexbear.net 18 points 1 year ago* (last edited 1 year ago)

Oh no China isn't doing the thing that literally every single American complains when their government does.

This is actually hilarious because isn't the core argument of capitalism that the rich assholes deserve to make all that money because of all the risk they take on.

[–] Evilphd666@hexbear.net 17 points 1 year ago

did-someone Is some hedge fund manager stuck holding bags?

[–] SSJ2Marx@hexbear.net 7 points 1 year ago

God damn it would be so cool if the US Government said something like that. Even if it was a lie it would be cool.

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